FHA MORTGAGE INSURANCE INCREASING

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The department of housing and urban development (HUD) has increased the FHA monthly mortgage insurance premium (MIP).  This ensures FHA remains financially sound and continues the historic role of providing financing for many well deserved home buyers. 

The FHA monthly MIP will increas by .25% for all FHA loans after April 18, 2011.  By acting now you can save on monthly expenses.

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