Yesterday FHA suspended the reduction of FHA MI! “Still no relief for the middle income class… the squeeze continues”. #DOR;#buyAhomeNow

Posted by danetteoneal1 on January 21, 2017
Posted in: Uncategorized. Leave a comment

It was rumored that the Fed’s would reduce the monthly MI (mortgage insurance)payment. This would have increased affordability. Yesterday they change their mind- it remains the same. What that means is you pay 1.75% of your Mortgage  Insurance  Premium upfront when you buy your house. The rest is payable at  .85% each month. This is included in your monthly note. 

Dr. D. O’Neal, DANETTE ONEAL REALTORS, Inc. 5043657325 New Orleans 7709811999 Atlanta. 

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