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FHA Again Reduces Mortgage Insurance Premiums, Lowering Costs for 1 Million Households

February 7, 2017 By The Mav Team

Annual mortgage insurance premiums for Federal Housing Administration (FHA)-backed mortgages are lowering toward their pre-bust level, with FHA announcing on Monday another reduction, this time to 0.60 percent for most borrowers. The one-quarter point reduction is expected to save FHA-insured ... » Learn More about FHA Again Reduces Mortgage Insurance Premiums, Lowering Costs for 1 Million Households

FHA Lowers Condo Owner-Occupancy Requirement in Win for Buyers

December 22, 2016 By The Mav Team

The Federal Housing Administration (FHA) has lowered its owner-occupancy requirement for condominiums, marking progress in an issue believed to be preventing homebuyers from entering the real estate market. The action, announced in a mortgagee letter issued this week, lowers the requirement from 50 ... » Learn More about FHA Lowers Condo Owner-Occupancy Requirement in Win for Buyers

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Michael Mavromates - Mav & Co.| Licensed NJ Realtor® | mmavromates@comcast.net | Cell: 609-408-7804
Long & Foster Real Estate, Inc | 2997 Dune Dr - Avalon, NJ 08202 | Office: 609-967-3001
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