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How FHA mortgage insurance works, and how to cancel your monthly MIP requirement. Depending on your loan type, the rules for FHA MIP cancellation vary.
The FHA has restructured its mortgage insurance rates for 2012. This guide details the changes and can help you keep your FHA payments low.
The FHA has made changes to its flagship Streamline Refinance Program. Up to 3 million existing FHA borrowers can now take advantage of lower mortgage rates and lower MIPs.
The FHA will raise its mortgage insurance premiums April 1, 2012. Here is a listing of the new FHA MIP schedules.
Borrowers who think that they may obtain an FHA loan will need to be in contract before the effective dates above to have the current, lower mortgage insurance fees.
For the second time in 4 months, the FHA is changing the way it charges mortgage insurance.
