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Bidding war

Bidding Wars Are Back

Bidding Wars Are Back Some real estate markets are reporting that home buyers are having to pay more than asking price to get the home they desire, as the supply of for-sale homes has shrunk, Bloomberg News reports. Bidding wars were a common part of real estate in 2006. But when the market turned from …

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FHA MIP UP

FHA MIP Increasing Next Week….This means More Cost for the Buyers

FHA MIP Increasing Next Week….This means More Cost for the Buyers On April 9th, the financed up-front FHA MIP will increase from the current 1% to 1.75% of the base loan amount.  On a 30 year loan, the monthly (or annual FHA MIP) will increase from the current 1.15% of the base loan per year …

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