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FHA-Conventional-USDA-VA Which Loan Is Best For You?
- Private group -
February 5, 2013
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
15 year loan. So it is now time to re-evaluate FHA-Conv-USDA.
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.
Call me, Brett Reilly (NMLS#149675) at 302-399-6876 or email me.