Denver Real Estate Roundtable Podcast : FHA Raising Monthly Mortgage Insurance Premium

Tuesday, February 22, 2011

FHA Raising Monthly Mortgage Insurance Premium

FHA Raising Monthly Mortgage Insurance Premium and what that means to you...

FHA will be raising their monthly mortgage insurance premium on April 18, 2011 by 0.25%. What this means to you is that with a $200,000 FHA loan your monthly payment will increase by approximately $40. You will also need approximately $1,200 in additional income per year to qualify for this increased monthly payment. In order to avoid this increased mortgage insurance payment be sure that you have a property under contract and have your lender register an FHA 12964z case number prior to April 18, 2011. It is not necessary to close your loan before April 18, 2011. For additional information call Glen Holguin of Guild Mortgage at 303-253-4369 or email GlenH@GuildMortgage.net.

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About Cynthia

Cynthia M. Parker and her "Home Selling System", service the entire metropolitan Denver area. She has been consistently helping buyers and sellers for over twelve years. "I believe a real estate transaction, like life, is a process. My business approach is just that.....a process. No nagging and relentless sales pressure".

"My programs offer free information and a non-intrusive, innovative way for buyers and sellers to obtain the knowledge they seek. I am able to provide state-of-the-art personalized service, be far more accessible to my clients and quickly provide them with the latest market and financial information. My objective is not to persuade you with empty promises but show you the benefits of working with a client-focused agent, interested in helping you make the best decisions for you and/or your family and/or portfolio. My non-threatening approach, keeps clients informed and excited about the home selling and home buying process. My consultative approach and technology focus, enable me to present a total package for investors so they are fully informed when determining which assets to acquire".

Cynthia M. Parker, ABR®,SFR®, CDPE®’s Specialties:

Working with sellers, buyers, investors, seniors, move-up buyers, empty-nesters, distressed sales to include...short sales, REO/lender-owned properties. She also assists with property evaluations, analysis, 1031 Exchanges, CAP rate determination, ROI, etc., and all aspects of the contract negotiating process.