The Federal Housing Adminisrtation has increased monthly mortgage insurance premiums effective April 18th, 2011. The increase is up .25 basis points from .90 to 1.15. What does this mean for a future homebuyer wanting to do an FHA loan? An increased monthly payment. Here’s how it is calculated using a hypothetical purchase price of $100,000: [...]
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Over the last two decades Academy Mortgage has grown into one of the largest independent mortgage companies in the West. Founded in 1988, our reputation for outstanding customer service has allowed us to grow into a thriving mortgage lender. We have some distinct characteristics that allow us to provide advantages to our customers. First and [...]
