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Upcoming increases in the cost of mortgage insurance for FHA loans (Contact ASAP)

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Breaking News: The Federal Housing Administration has issued a formal letter outlining the details of upcoming increases in the cost of mortgage insurance for FHA loans. The new effective date of the increase for new loan applications is April 9.  If you are thinking of purchasing or refinancing, the time to act is now to beat the increase. Contact us ...

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HARP 2 Coming in March – Expanded Guidelines

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March 17, 2012 is the date for  the release of the HARP 2 program.  I know they announced HARP 2 in October of last year and it has taken this long to get the guidelines but they are finally here.  If you have tried to refinance with the original HARP program and was turned down then you may want to try again.

Harp enhancements include the following:

No maximum Loan to Value ratio for fix rate mortgages.

With this one exception more properties ...

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