All About Information - Relevant to All at Some Point

There are FHA Changes coming soon that will affect a Homebuyer's Monthly Payments.

What are the changes?

• The Upfront Mortgage Insurance Premium is decreasing
• The Monthly MI premiums will be increasing ( currently at a .55 factor and will be increasing to .90)

These changes will be effective with FHA Case #'s assigned on or after September 7, 2010. Case #'s are generally assigned upon completion of a borrower's signed application and upon receipt of making a binding offer on a home for new purchases.

Want to know how these changes WILL affect your Monthly Mortgage Payment, Click on this link to view a comparison Chart.

With Interest Rates at historical lows, homes being sold well below previous values and now these changes, don't delay if you have been considering purchasing a home, especially if you'll be obtaining FHA Financing.

I can be reached directly at 678-773-0651 and via email at kathy@kathydelbridge.com.