Have you tried to get a lower rate but discovered that you did not get a lower payment?
GREAT NEWS!
If your current FHA mortgage was endorsed prior to 06/01/2009 then you now qualify for:
**Reduced interest rate
**Reduced Funding fee
**Reduced monthly mortgage insurance:
GREAT NEWS!
If your current FHA mortgage was endorsed prior to 06/01/2009 then you now qualify for:
**Reduced interest rate
**Reduced Funding fee
**Reduced monthly mortgage insurance:
EXAMPLE: Prior to 6/1/09 _________________________________________________________________________________________________ NOW | Loan Amount $200,000 $200,000 | Funding Fee $3500.00 $20.00 | Monthly MI $208.00 $92.00 | Savings NONE SIGNIFICANT!! |