Reverse Mortgages Will Help 62 and Older Stay in Home Create Cash Flow

The above chart is what we use to determine the amount of money refunded at the time of a FHA to conventional refinance. FHA charges an upfront MIP (mortgage insurance premium) amount of 1.75%, a sizeable refund when you do it after 6-18 months from original purchase. Southern Californians are among the few states' area to appreciate enough to get rid of both the monthly MI (often higher than your taxes!) and get a nice refund!
As an example, let’s say you purchased your home 15 months ago and paid an upfront mortgage insurance premium of $1,750. If you sell your home or refinance in month 15, you may be eligible to receive 52% of that amount back, or $910. So how do you request this refund? Read more
And don't forget to call Anne James at 562 619-2058 to see if you're eligible to refi and the same or lower rate, drop the monthly MI and recieve a nice refund!

Posted by Anne James on January 2nd, 2015 7:40 AM
Getting rid of FHA Mortgage Insurance is the gift that 'Keeps on Giving' expecially during the holidays: You will:
*Thank us for lowering your payment by hundreds of dollars
* Recieve up to 80% of the 1.75% Funding Fee (the sooner, the better & more)
* Skip a payment as well as recieve old tax/insurance impounds back
* Don't Pay the high MI for another month-CALL!
**Call or email to see a comparison of how much you can save monthly.

Posted by Anne James on December 9th, 2014 2:51 PM


My Favorite Blogs:

Sites That Link to This Blog:

Reliance Mortgage Service, Inc

NMLS# 254859 DRE Lic # 0019139