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FHA To Hike Mortgage Premium To 1.75%

FHA To Hike Mortgage Premium To 1.75%

This is a discussion on FHA To Hike Mortgage Premium To 1.75% within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; It was announced earlier this week that the Federal Housing Administration (FHA) will be increasing the Mortgage Premium charged to ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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08-28-2008, 05:48 PM

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FHA To Hike Mortgage Premium To 1.75%

It was announced earlier this week that the Federal Housing Administration (FHA) will be increasing the Mortgage Premium charged to all purchase money mortgages, and full credit qualifying refinances. The increase is 25 basis points, ...

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175%, fha, hike, mortgage, premium

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