All Posts Tagged With: "closing costs"
Is The FHA Moving Toward 1% Up-Front Insurance Premiums?
Is the up-front insurance charge for FHA mortgages going to fall? FHA-backed mortgages are now a huge part of the financing landscape, but since April the up-front mortgage insurance premium has been 2.25 percent for most FHA borrowers. Now there’s some discussion regarding the idea of a 1 percent up-front MIP — but a higher [...]
17May2010 | Peter G. Miller | 2 comments | Continued
Who Pays Foreclosure Closing Costs?
To figure out who will pay foreclosure closing costs you first have to ask about the foreclosure discount in your area. In basic terms the foreclosure discount is the difference between the value of a home today and the value of a similar, but foreclosed or distressed, property. In many markets there has traditionally been [...]
12Feb2010 | Peter G. Miller | 0 comments | Continued
What are the up-front fees for VA financing?
According to the VA, the following closing costs are normally associated with a VA loan. Basic Fees Origination Fee* Discount Points Appraisal Fee Credit Report Fee Prepaid Taxes and Hazard Insurance Title Examination Fee Title Insurance Fee Flood Zone Determination Environmental Endorsements Compliance Inspections (usually on New Construction Loans) Recording Fees VA Funding Fee *The [...]
22Aug2008 | Peter G. Miller | 0 comments | Continued
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