It pays to move quickly

29 03 2010

If you are considering buying a home before the current  Home Buyer tax credits expire this spring, you have exactly one week to go under contract if you want to receive better terms on an FHA loan. 

Effective April 5th, 2010 the Upfront Mortgage Insurance premium on all FHA loans will be rising from 1.75% to 2.25%.   Buying the same house will cost you more money if you wait until after next Monday to go under contract.

If you’re too slow, you may end up stuck with a house like this guy below.  Please reach out to me if you’d like to take advantage of  this.  Thank you!

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