Tag Archives: FHA Mortgage Refinance

FHA Annual Mortgage Insurance Premium to Increase

On April 18th, the annual mortgage insurance premium is set to increase on all new FHA Mortgages to help HUD meet it’s reserve requirements set by congress.  Below is a list of the current annual mortgage insurance premiums (MIP) required by HUD/FHA. Current Market Mortgages with a term Greater than 15 Years Loan-to-Value (LTV)                 Annual [...]

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Top 10 Reasons for Getting a New Mortgage in 2011

Rates are still really low. FNMA DU Refi+ and the Freddie Mac Open Access HARP programs are still around through May. You might not have to pay for an appraisal Self-employed people can still get a loan. 100% Financing is available in rural areas (Frederick/Firestone count as rural) FHA has lowered its up-front mortgage insurance [...]

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Get the Process Started Now

The loan process is not what it used to be.  In the not so distant past, we used to be able to start a new refinance and get it closed within 3 weeks.  Lenders were a lot more streamlined and were staffed to handle the amount of loans they were getting. But because of new [...]

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What could I really Save?

In the last couple of weeks, the mortgage industry has seen interest rates bottom out and start to move back up.  Most analysts believe that we have tested the lows and now the Fed wants to get inflation back to its target of 2% and to do so, it will start raising interest rates. Even [...]

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Success Stories #1

Over the last few months, The Kunselman Team has had the opportunity to work with some wonderful clients with unique situations, and was able to get them the perfect mortgage solution to fit their needs.  We would like to highlight a few of these situations here.  The names have been changed but the scenarios are [...]

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