Established Member
Posts: 21
Registered: ‎05-14-2007
Re: myFICO Insider's Guide to 2010 credit card reform and new FHA mortgage rules

Regarding FHA...

 

Just from the start and it gets on my nerve... Upfront MIP to 2.25%... !!!  I remember 2008 Upfront MIP changed 3 times. and it gets worst and worst by the year. Bank's love this..., The more you pay in fees to the government - The less money you would have to pay towards the principal - The more interest you'll end paying them. If you wish to refinance.... get ready for more of the same.