FHA to Raise Mortgage Insurance
Posted by Carlos Martinez on
FHA will be raising there monthly premiums sometime 2013 and will remain for the entire life of the loan! Premiums currently would drop off once it reaches less than 78% of the original principal balance. SOON THAT WILL CHANGE! The only thing you can do right now is buy a home before this goes into effect.
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Our home is located in a quite gated community with very low traffic flow only minutes away from the I-25. An elementary and high school is located only a few minutes away and a park with jungle gym, basketball court, and open grass field is within walking distance. Our community is located only 15 minutes from South Albuquerque and 20 minutes from Kirtland AFB south gate.