Big changes coming for Private Mortgage Insurance for FHA!
Starting April 1, 2013, on FHA loans, Private Mortgage Insurance (PMI), will stay with the life of the loan!
Currently if you have 20% equity in your home, you can drop it. But no longer.
You do not need to close on a property by April 1st, but you must be in the process of buying in order to avoid this new regulation.
Plus… the rate for Private Mortgage Insurance is due to increase very soon!
Now, more than ever, is the time to buy!
This could help many people who were waiting to move forward before it is too late and they have to deal with this new situation in the real estate industry!
Ready to buy?
Contact me ASAP:
mjsertik@kw.com OR 412-608-3300
View my listings: http://www.mjsertik.com
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