It is T minus 5 days (in reality 2 days) to get an FHA case number for refinances and purchases. I know I have been over and over this. Next week it won’t be an issue any more. It will just be what it is. But for now I don’t want anyone to pay more than they have to. If you don’t know what MIP is, here is a short explanation. There is more risk to a lender when the down payment is less than 20%. So to make up for that risk the MIP is charged and supposedly put in a pool to pay for losses.
Call me, 615-777-4663, check out my website http://www.mignashville.com/ or email me at george.margrave@mignonline.com let's get you taken care of!
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