Blown Mortgage - Latest Comments in Why FHA could be the loan to help you this yearhttp://blownmortgage.disqus.com/Mortgage and finance with a sarcastic bentenTue, 21 Oct 2008 17:27:24 -0000Re: Why FHA could be the loan to help you this yearhttp://www.blownmortgage.com/why-fha-could-be-the-loan-to-help-you-this-year#comment-3211343<p>You are wrong about the new mortgage insurance changes. I would advise you to read mortgagee letter 2008-22</p><p>Only streamline FHA refis carry UFMIP of 1.5%, if you are buying a home it will be1.75% and 3% for FHA secure</p><p>The monthly amount of MIP on a 30 year fixed with &lt;95 LTV is .50, when putting down 3% you are going to be paying .55%</p>Joe OlveraTue, 21 Oct 2008 17:27:24 -0000