NOW IS THE TIME TO BUY FHA MORTGAGE INSURANCE PREMIUM WAS RECENTLY REDUCED Shawna Clyburn Associate Broker/Realtor Keller Williams Realty Lanier Partners 678.933.3749 cell Shawnasellshomes@kw.com www.shawnasellshomes.kw.com
FHA announced that they are cutting annual premiums for mortgage insurance on FHA loans from 0.85 percent to 0.60 percent, a move the National Association of RealtorsÂŽ said breathes new life into the program.
A little known fact regarding FHA mortgages: â€œFHA mortgage products exist to serve an important mission: providing homeownership opportunities to creditworthy borrowers who are overlooked by conventional lenders. The high cost of mortgage insurance has unfortunately put those opportunities out of reach for many young, first-time- and lower-income borrowers. Now, we have a real opportunity to get back on track.â€? NAR President William E. Brown
I know you are wondering “What does this mean for me? • Did you have a problem qualifying for the home you wanted to purchase in 2016 • Was your DTI (debt to income) ratio too high to get approved. If you answered yes…YOU need to contact me ASAP!!! This reduction in the FHA mortgage insurance premium (MIP) might be just what is needed to get you into your new home in 2017.
Contact me today:
PREFERRED LENDERS Element Funding Nick Bennett | Senior Loan Officer | NMLS: 252623 7000 Central Pkwy, Suite 1175 | Atlanta, GA 30328 Cell: 770.317.9757 | Office: 770.604.6003 | Fax: 678.809.3235 www.elementfunding.com/nbennett| email@example.com HOMESTAR Candice Crook | Branch Manager | NMLS: 1027484 3730 Village Way | Braselton, GA 30517 Cell: 678.227.2169 | Office: 678.997.2641 | Fax 678.971.6290 Candice.Crook@homestarfc.com
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Should you know anyone that is looking to BUY SELL or INVEST in Real Estate please feel free to give them my contact information. I LOVE REFERRALS