Starting April 1, 2013 the FHA monthly MI (Mortgage Insurance) fee will increase to 1.3%. And FHA will also require the MI for the for life of the loan. Even if the
property value rises and the LTV (Loan-To-Value) drops below 80%. Even if it is a
Don't forget if you are a veteran the VA Loan will almost
always be the best loan for you.
Also, rates are slowly rising and MI requirements are relaxing for Conventional loans. A lot to think about. Let me help you navigate through all this.