Baton Rouge Real Estate News
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Baton Rouge Real Estate News
The Scoop On Baton Rouge Housing by Bill Cobb With Accurate Valuations Group Home Appraisals www.accuratevg.com and Editor of Baton Rouge Housing Reports www.batonrougehousingreports.com . Sign Up For Email Updates Here: http://bit.ly/GRQqsm  .  DROP BILL A NOTE HERE: http://bit.ly/GSvAXd
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VIDEO: With Now Permanent Mortgage Insurance, Is FHA Financing The Right Choice For Your Home Purchase?

http://www.theresource.tv
Baton Rouge Real Estate News's insight:

This is a VERY GOOD question: With Now Permanent Mortgage Insurance, Is FHA Financing The Right Choice For Your Home Purchase?   


After you've paid your loan balance down to 20% to 25% equity in your home, are you going to still want to pay that extra $150 to $250/month on FHA mortgage insurance?  Think you can just refinance your way out of an FHA loan you obtain today later on?  What if your FHA rate in 2013 is 3.5% and in 2018, just 5 years later, it's 7%.  Would you want to refi?  Not Likely!  Food For Thought!  

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Dave Grenamyer's curator insight, May 6, 2013 4:29 PM

Interesting take on FHA and the changes verses other loan programs.  What options are you offering more to your buyers and those that are refinancing ?

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Lending Tree says FHA’s change in guidelines may increase Baton Rouge mortgage rates

Lending Tree says FHA’s change in guidelines may increase Baton Rouge mortgage rates | Baton Rouge Real Estate News | Scoop.it

According to the LendingTree Monthly Mortgage Review,average mortgage rates inched up in March,with more borrowers than ever taking advantage of low Federal Housing Administration (FHA) loan rates which averaged just 3.85 percent on a 30 year loan,almost 1/2 of one percent less than a conventional mortgage. However,according to the report,this may change soon as a result of the FHA adjusting its loan program guidelines and insurance premium structure which will cause the cost of a loan for future FHA borrowers to most likely increase.....

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Video: FHA Appraisal Guidelines For Attics To Pass FHA Inspection and Loan Approval

www.BirminghamAppraisalBlog.com- This video helps answer the question: What are the FHA guidelines for attics? Appraisers are required to inspect the attics ...
Baton Rouge Real Estate News's insight:

In this video, my Appraiser Friend and Colleague, Tom Horn, SRA, shares FHA Requirements for Attics. 

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