Are you intending to buy a home this Spring with a small down payment (FHA Loan)? If you get it under contract before April 18, your payment will be less than it will be if you wait until after that date. The mortgage insurance the Dept of HUD charges goes up .25% then. That doesn't sound like much, but on a $150,000 home that is $31.25 per month. That is a lot of money over the life of the loan.
So if you need something besides low interest rates and prices rolled back to levels seen in the early 2000s, this could be a great reason to move forward. Call me for details. You don't have to close by then. We just have to order the case number.
I can be reached by phone at 615-777-4663 or via email at george.margrave@migonline.com
No comments:
Post a Comment