New Monthly Mortgage Insurance Premium (MIP)

 These will go into effect April 18th, 2011.

 There are no changes to the Upfront Mortgage Insurance Premium (UFMIP).

 

15 Year Loans

If LTV is under 95%, then monthly MIP will be 0.25%

If LTV is 95% or higher, then monthly MIP will be 0.50%
 

 

Provided by:

Ashley Bartsch
Senior Mortgage Loan Originator

NMLS# 206695 GA MLO# 25049

Office:      (770) 279-0222 ext. 623   
Toll Free: (800) 344-8788 ext. 4623
Cell:          (678) 231-7224
Fax:          (770) 279-9141
Email:       Ashley.Bartsch@SoutheastMortgage.us
Website:  www.SoutheastMortgage.us
30 Year Loans
If LTV is under 95%, then monthly MIP will be 1.10%

If LTV is 95% or higher, then monthly MIP will be 1.15%

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s