Thursday, October 31, 2013

Cancel Your FHA MIP Faster

FHA mortgage rates are cheap, but the associated premiums are not. FHA MIP can be costly and can add to your long-term housing costs. Thankfully, you have options.
Homeowners with FHA loans from May 31, 2009 or prior can use the FHA Streamline Refinance to get access to ultra-low rates and ultra-low premiums. It's a terrific deal for those who want it. Everyone else can look to conventional loans where rates are low and premiums are cheap.

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