{"id":897,"date":"2012-03-08T20:34:25","date_gmt":"2012-03-08T20:34:25","guid":{"rendered":"http:\/\/blog.topbev.com\/?p=897"},"modified":"2014-08-27T03:55:32","modified_gmt":"2014-08-27T03:55:32","slug":"white-house-lowers-refinancing-fees-for-fha-backed-mortgages","status":"publish","type":"post","link":"https:\/\/blog.topbev.com\/?p=897","title":{"rendered":"White House Lowers Refinancing Fees for FHA-Backed Mortgages"},"content":{"rendered":"

The second method of the Administration’s recent acts to alleviate the down-trodden U.S. housing market applies to borrowers with FHA-backed mortgages. These borrowers will inflatable tent<\/a> be able to refinance their mortgages to secure lower interest rates while paying a lesser up-front charge for the mortgage insurance premium.
\n<\/span><\/p>\n

The White House will drop the charge to .01% of the borrower’s loan balance from the current 1% charge. Borrowers with a mortgage origination date prior to June 1, 2009 will be able to take advantage of this. In addition, the annual fee for refinancing will be cut to .55% from the current 1.15%.
\n<\/span><\/p>\n

The Administration expects borrowers who take advantage of these initiatives to save approximately $1,000 annually. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The second method of the Administration’s recent acts to alleviate the down-trodden U.S. housing market applies to borrowers with FHA-backed mortgages. These borrowers will inflatable tent be able to refinance their mortgages to secure lower interest rates while paying a lesser up-front charge for the mortgage insurance premium. The White House will drop the charge … Continue reading White House Lowers Refinancing Fees for FHA-Backed Mortgages<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[40,29,3,61],"tags":[],"class_list":["post-897","post","type-post","status-publish","format-standard","hentry","category-closing","category-mortgages","category-real-estate-law","category-short-sales"],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":904,"url":"https:\/\/blog.topbev.com\/?p=904","url_meta":{"origin":897,"position":0},"title":"FHA Fee Increase Effective April 1","date":"March 13, 2012","format":false,"excerpt":"F.H.A. will more than double its upfront mortgage premium. This premium will rise from 0.75 percent to 1.75 percent. Although this is a substantial increase, in effect borrowers will roll this increase into the mortgage and avoid actually paying for this increase as a lump sum, out-of-pocket cost of borrowing.","rel":"","context":"In "closing"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37459,"url":"https:\/\/blog.topbev.com\/?p=37459","url_meta":{"origin":897,"position":1},"title":"New First-Time Homebuyer Loan Program from Freddie Mac. It requires a down-payment of 3%","date":"May 2, 2018","format":false,"excerpt":"First-Time Homebuyers have another arrow in their quiver in their attempt to slay the great monster, purchasing their first home","rel":"","context":"In "closing"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":296,"url":"https:\/\/blog.topbev.com\/?p=296","url_meta":{"origin":897,"position":2},"title":"Looking to Help Your Customer Obtain Mortgage Financing–Don’t look Too Far from Home","date":"July 7, 2010","format":false,"excerpt":"Yesterday,\u00a0I was in a meeting with the Sales Manager of a local thrift institution. Her Bank portfolios all of their adjustable rate loans and all their jumbo product. They sell conforming product in the secondary market. This person informed me that on one day last week, she received an aggregate\u2026","rel":"","context":"In "Mortgages"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3993,"url":"https:\/\/blog.topbev.com\/?p=3993","url_meta":{"origin":897,"position":3},"title":"First-time homebuyers given more options to buy a home by FannieMae and FreddieMac:","date":"December 10, 2014","format":false,"excerpt":"The lower down-payment requirement will allow more first-time homebuyers the opportunity to buy a home. Often the greatest hurdle for the first-time homebuyer is saving enough for a down payment. Many first-timers would try to save 20% of the purchase price that many lenders required. It can take a significant\u2026","rel":"","context":"In "closing"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":260,"url":"https:\/\/blog.topbev.com\/?p=260","url_meta":{"origin":897,"position":4},"title":"Alternatives to Adversarial Foreclosure–Ways that you can participate in the new wave of mortgage investors of distressed situations","date":"June 29, 2010","format":false,"excerpt":"Whether or not you are aware of it, there is a growing group on investors (mostly funds and committed individuals) who are purchasing mortgages, either in bulk or individually, and getting in front of these investors may mean new opportunities for you.\u00a0 The investors see an opportunity to participate in\u2026","rel":"","context":"In "Short Sales & Foreclosures"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":854,"url":"https:\/\/blog.topbev.com\/?p=854","url_meta":{"origin":897,"position":5},"title":"Do Lower Mortgage Defaults Signal a Recovery?","date":"February 17, 2011","format":false,"excerpt":"It was reported today by the Mortgage Bankers Association that fewer Americans are falling behind on their mortgage payments. This has nothing to do with the foreclosure \"robo-signing\" mess, because the number they were looking at was the first indication of a potential foreclosure, the number of borrowers that had\u2026","rel":"","context":"In "Mortgages"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/posts\/897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=897"}],"version-history":[{"count":4,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/posts\/897\/revisions"}],"predecessor-version":[{"id":958,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=\/wp\/v2\/posts\/897\/revisions\/958"}],"wp:attachment":[{"href":"https:\/\/blog.topbev.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.topbev.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}