On April 7, 2016, President Tom Salomone sent a letter to the Department of Housing and Urban Development (HUD) with concerns about the Federal Housing Administration’s (FHA) high annual mortgage insurance premiums and mortgage insurance that is required for the life of the loan. President Salomone’s letter notes that it is possible to elminate the lifetime mortgage insurance premiums and lower the annual mortgage insurance premiums while continuing to replenish the Mutual Mortgage Insurance Fund (MMIF). This will focus the rate of the MMIF's growth on the target 2.0 percent ratio, thus keeping FHA in line with other government insurance programs like the FDIC. Borrowers will benefit from having lower payments and additional cash on hand, reducing the chance of default.
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-792-3948 now.
"Thu, May 19, 2016
Joseph Schneider went above and beyond the capacity of a realtor. He facilitated in making the process of us purchasing our first home less stressful because of his knowledge and experience. Joseph made sure that every aspect of our transaction was handled in a professional and timely manner. Whatever we asked for in our search for the perfect home, he made sure that he did his due diligence. Joseph was referred to us and we would most definitely refer him to anyone who is looking to purchase or sell a home."