Jason Gonzalez, Florida Mortgage Broker
How to Calculate an FHA Mortgage Payment Calculating a mortgage payment the right way can be a tall order for most big bank employees, let alone your typical home buyer. Since most of the loan applications coming through these days are for FHA purchases with a 3.5% down payment and 30 year amortization, we’ll focus on that scenario […]
FHA Changes June 2013 Bad News for Home Buyers Please don’t shoot the messenger, but I feel obligated to let you know that the FHA changes June 2013 are going to leave a lot of people in a bad spot in years to come. As some of you may recall, I mentioned some huge changes […]
All about FHA PMI ( or FHA MIP, more accurately ) Most people refer to it as PMI, which is short for Private Mortgage Insurance. The truth of the matter is that when speaking in regards to an FHA mortgage in particular, it is actually MIP, or Mortgage Insurance Premium. “Private” mortgage insurance (PMI) polices […]
FHA Streamline Refinance : New and Improved THIS ARTICLE CONTAINS CORRECT AND UPDATED INFORMATION AS OF August 21, 2013 Refinancing your FHA mortgage just cheaper! Get your FHA streamline refinance applications ready! FHA is lowering the required mortgage insurance premiums for all loans made prior to May 31, 2009. The changes are as follows: For […]
Florida FHA Changes Ahead! This is the final week to get your FHA mortgage applications in under the current guidelines. Starting next week (April 1st officially) Florida FHA mortgage loans will cost more money. How? Well, the Federal Housing Administration decided to raise the up-front mortgage insurance premium (MIP) as well as the monthly […]