Important! What you MUST know about FHA Mortgage Insurance Changes on Monday June 3rd:
As of June 3rd, Mortgage Insurance will remain on for the life of FHA Loans, regardless of the down payment.
To be grandfathered into existing rules, make sure you have done the following three things by Friday May 31st.
Step 1: Complete a Loan Application Step 2: Go under contract to purchase a property (Send sign copy of contract to your loan officer).
Step 3: Make sure your lender pulls an FHA case number. (IMPORTANT: double check with your FHA lender that a case number was pulled and that you will be grandfathered into current guidelines).
Post By Audeliz Angie Perez (160 Posts)
Angie Perez is a NJ Circle of Excellence award winning real estate agent for Weichert, Realtors in Edison. She sells anywhere from 12-25 houses per year on a consistent basis since 2005. Ms. Perez is primarily a buyer's agent on 60% of her real estate sales where she represents rental income investors, first time home buyers & trade up home buyers of 1-4 family homes within specific towns encompassing 4 NJ counties: Union, Essex, Middlesex and Somerset County. Many of Ms. Perez's clients appreciate her ability to negotiate favorable real estate deals for them. Many of her clients commented that her research abilities, her honesty, her knowledge of local market trends and her proficiency to manage multiple real estate transactions from start to close are some of the reasons why she was hired as their agent of choice. Please call, text or email Angie Perez to ask if she lists or sell in your town. If she can not help you, Ms. Perez would be more than happy to help or refer you to someone who can.
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