MIP

FHA Mortgage Insurance Premiums Approved To Triple In Cost

June 11, 2010 by admin · Leave a Comment 

Starting sometime later this year, the monthly cost to carry an FHA-insured mortgage is expected to rise.
In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.
Currently, monthly mortgage insurance premiums are 0.55% of the unpaid loan balance, divided by 12.  [...]