Even despite the number of home foreclosures, home ownership still beats renting a place to live. It is a big commitment, to be sure, but that money you invest in your home, when it is a sound value, will eventually provide a good return in comfort and security. Besides that, there are several other good advantages to and deciding to buy a home. Following are five of those advantages in case you are not sure about making the commitment.
Beginning April 1, 2013, most FHA-backed mortgages will be subject to an MIP increase. The increase applies to all loan terms, including 15-year fixed-rate FHA loans. In Texas, this will be 5 basis points or 0.05%.
New FHA MIP Cancelation Policy Begins June 3, 2013
The Federal Housing Administration also made a second MIP-related announcement — the agency is reversing its policy which allows FHA-backed homeowners to cancel mortgage insurance premiums once the outstanding principal balance of an FHA loan reaches 78 percent of the original balance.
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Jobs typically are the top reason people move. Twenty-somethings traditionally have the highest rates of mobility, and college graduates typically are more willing to move out of state for jobs because they tend to compete for them in … [Read More...]
This site is intended for clients that are not currently registered with a Broker. If you have a current Buyers Representation Agreement signed with another Texas real estate Broker, please contact your Agent or Broker. Texas Real Estate Commission Consumer Protection Notice