FHA monthly mortgage insurance premiums are going up 25 basis points starting April 18th.
If you are looking to refinance make sure your lender has a case number pulled prior to this date. You don't need to have the loan closed by then, just the case number assigned prior to April 18th.
If you are in the market to purchase a home by having your offer accepted prior to this date you will save yourself about $20 for every $100,000 borrowered per month. Don't wait until the 17th to get an offer accepted as it goes by the date FHA assigns a case number which takes typically about 1 business.
Ron Meyer is a Wisconsin licensed Sr. Loan Originator NMLS #222688 with GSF Mortgage Corporation NMLS #1018 located at 300 Patriot Dr. Little Chute, WI 54140 We specialize in financing purchases and refinancing home loan mortgages for all of Wisconsin. As a local lender we pride ourselves on offering quality service before and after your closing. Our underwriting is all done in house, allowing us to have quicker than normal processing time of your loan.
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