š¦FHA Loans with Reduced Private Mortgage Insurance
Could improve cash flow by $800 per year (on average)
HUD announced today that they will be reducing the amount of private mortgage insurance (what they refer to as Mortgage Insurance Premiums or MIP) by 30 bps or about 3 tenths of a percent.
According to HUD, this should save the average home buyer about $800 per year in reduced mortgage insurance premiums.
This can help investorsāespecially house hackers aā¦
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