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Big Changes For Buyers Using FHA Financing

August 1st, 2008 by Michael Oliver

On July 14th, the FHA (Federal Housing Administration) changed their guidelines for the cost of mortgage insurance. Prior to July 14th, borrowers using FHA financing paid a monthly mortgage insurance factor of .50% and an up front mortgage insurance premium of 1.50% for any 30 year financing. It did not make a difference if you had NO credit score or an 850 credit score. Money down or no money down, all loans had the same monthly and up front mortgage insurance.

Your Credit Score Determines Your Interest Rate

April 2nd, 2008 by Michael Oliver

by contributing writer, Eric Painter, Senior Mortgage Consultant, Infinity Funding Corporation

FHA Loan Limits

March 10th, 2008 by Michael Oliver

by contributing writer, Eric Painter, Senior Mortgage Consultant, Infinity Funding Corporation

Michael Oliver - Best Tucson Realtor