Congress Raises FHA Loan Fees To Save You Money (Say What?)
Congress Just Raised Loan Fees For FHA Loans CLAIMING The Higher Fees Will Save You Money
Talk About "Fuzzy Math"
New FHA Loan Rules Begin September 7, 2010
The Senate just ratified a House bill and sent it to the President for his signature.
Fannie Mae and Freddie Mac claim the features in the bill will save you money. Gee, that's great.
How will the new rules save you money? It does so by raising your FHA loan fees.
Talk about an oxymoron from the land of morons.
Don't get me wrong... FHA loans are the best loan program, even with higher loan fees.
Were I buying a home, I would choose an FHA loan because the down payment is just 3%, and I can negotiate a credit from the seller to pay for most of my closing costs.
When you click the link below you will be directed to a video that explains the changes coming September 7.
WARNING: Lower your speaker volume when you click the link because the opening theme song is LOUD. Then be prepared to raise the volume when the show begins.
CLICK HERE NOW to see a video featuring a pair of lending and realty experts explain how Congress can save you money by raising your loan fees.
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Equal Housing Opportunity
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"Hey Erick, I have a question...."
Contact Peggy James or Erick Blackwelder of Erick and Company of Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085(Peggy)703-590-2252 (Office).
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Equal Housing opportunity.
