{"id":370,"date":"2012-02-28T17:41:41","date_gmt":"2012-02-28T17:41:41","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=370"},"modified":"2013-03-17T18:50:35","modified_gmt":"2013-03-17T18:50:35","slug":"changes-coming-to-fha-premiums","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/changes-coming-to-fha-premiums\/","title":{"rendered":"Changes Coming to FHA Premiums"},"content":{"rendered":"

\"Changes<\/a>You know those nasty premiums that come along with mortgage loans?\u00a0 Those ones that everyone hates to deal with.\u00a0 Yeah, well I think you\u2019re about to hate FHA (Federal Housing Administration)<\/strong> premiums even more.\u00a0 FHA Acting Commissioner, Carol Galante, made an announcement regarding their current premium points.\u00a0 It appears the \u201cbasis\u201d points\u201d will soon be on the rise.<\/p>\n

READ FOR UPDATES: 2013 FHA MORTGAGE INSURANCE<\/a><\/p>\n

The change to the FHA insurance premiums<\/strong> will officially be enacted as of April 1, 2012<\/strong>.\u00a0 That is definitely something none of like to hear. \u00a0Now even though the exact details have yet to be released in regards to the insurance premiums, it is certain that premiums on \u201cforward\u201d mortgages will raise 10 \u201cbasis points.\u201d<\/strong>\u00a0 While jumbo loans will see an increase of 25 \u201cbasis points.\u201d<\/strong><\/p>\n

It\u2019s not all bad news though when it comes down to premiums with the Federal Housing Administration.\u00a0 If you haven\u2019t heard of the FHA Streamline Refinance<\/strong> program, you\u2019re really missing out on a great opportunity to refinance.\u00a0 FHA Streamline Refinance was created to allow homeowners with loans owned or guaranteed by the FHA to refinance with today\u2019s record low mortgage rates<\/strong>.\u00a0 Well in regards to premiums, experts are expecting the premiums of the FHA Streamline Refinance program will drop in the near future.<\/p>\n

Be sure to stay up-to-date with all of the latest real estate and mortgage-based news by checking out our blog.\u00a0 Now if you\u2019re interested in refinancing your Michigan property<\/strong> under FHA Streamline Refinance or another mortgage program like HARP<\/strong>, just give our certified loan-officers at Riverbank Finance<\/em> in Grand Rapids, Michigan<\/strong> a call at 1-800-555-2098<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

You know those nasty premiums that come along with mortgage loans?\u00a0 Those ones that everyone hates to deal with.\u00a0 Yeah, well I think you\u2019re about to hate FHA (Federal Housing Administration) premiums even more.\u00a0 FHA Acting Commissioner, Carol Galante, made an announcement regarding their current premium points.\u00a0 It appears the \u201cbasis\u201d points\u201d will soon be… Read more »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[307,1,305],"tags":[156,12,157,166,149,151,177],"class_list":["post-370","post","type-post","status-publish","format-standard","hentry","category-fha-mortgage","category-local-michigan","category-refinance-2","tag-federal-housing-administration","tag-fha","tag-fha-streamline-refinance","tag-michigan-fha-streamline-refinance","tag-michigan-loan-officer","tag-michigan-mortgage-refinance","tag-michigan-refinance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t