Save Today on your FHA Mortgage!

If you have an FHA mortgage, you may be able to save money!  The U.S. Department of Housing and Urban Development (HUD) recently announced a half-percent reduction in mortgage insurance premiums (MIPs) on certain FHA loans.  According to HUD, the average FHA homeowner can save $900 per year on mortgage insurance.

What can you do about it?

• For your current FHA Loan, let’s talk about whether a refinance makes sense for you. This year’s interest rates started near historically low levels. If we can lower your rate and reduce your MIP, you could save even more.

• HUD expects more than 250,000 first-time home buyers to benefit from the cost reductions over the next three years. If you know someone who wants to buy or has been prevented from doing so, I’ll be happy to talk with them about the newly enhanced benefits of FHA loans.
If you have questions about your FHA loan or any other aspect of mortgage financing, I’ll be happy to help. Please call or send me an email at your convenience.

Call me today @ 614-327-2213 or email me @ ben@windmillmortgage.com.