HUD recently announced that they will be increasing monthly M.I. M.I. is the fee HUD charges monthly with your payment. Currently the M.I. fee is .90% of the loan amount, but this monthly fee will increase to 1.15%. That is a .25% increase. Don’t get (M.I.P) Mortgage Insurance Premium. and M.I.(Mortgage Insurance) confused, they are [...]
Entries Tagged as 'Finance'
No Mortgage Brokers? Bad for consumers.
February 13th, 2009 · 2 Comments · Finance
Mortgage Brokers are responsible for finding loan options for home buyers. They work with many banks, increasing competition, to get you the best possible interest rate. But the banks want to change this. They want to cut out what they see as a “middle man” and have their bank loan officers work with buyers directly. [...]
