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FHA Drops Upfront Mortgage Insurance Premium To 0.01% For Qualified Borrowers

March 9th, 2012 · Comments Off on FHA Drops Upfront Mortgage Insurance Premium To 0.01% For Qualified Borrowers

Beginning mid-June 2012, certain current, FHA-backed homeowners will be able to refinance their existing FHA mortgage into a new one, without having to pay the government-backed group’s new, costly mortgage insurance premium schedule.

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Tags: Mortgage Guidelines