FHA Offering Discounts on Their Loans
Posted by Carey Frankel on
Not only do you get a loan with just 3.5% down but you will also be able to save around $10,000 over the life of the loan if you attend classes from the Homeowners Armed with Knowledge (HAWK) program before shopping for your home.
But that is not all!
2 years with no deliquent payments means another 15 basis-point reduction.
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How does this work?
Home Buyers must take the class before signing a purchase contract for real estate. Additional classes will be needed before completing the sale. The actual savings will be in "50 basis-point reduction in upfront mortgage insurance and a 10 basis-point reduction in the annual premium cost. Upfront mortgage insurance premiums are 1.75% of the total loan amount, while annual monthly premium…
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When you put your home on the market the key to selling your home is to work with your Realtor in a true partnership. What this means is you need to have open discussions with your realtor regarding their advice and the selling process. What you as a seller may consider as unimportant or not neccessary may be imperative to getting your home sold.
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