Homes for Sale Stafford, Fredericksburg & Spotsylvania, VA
Keller Williams of Fredericksburg, Va is proud to announce that we are moving to a new office space.
It is located off of route 3 behind Gander Mountain Sporting Goods.
We are excited that we will be able to design a new state of the art modern building.
Subscribe and watch our exciting growth!
I wanted to share information that was provided by Heather Frye at Movement Mortgage. You can reach her at heather.frye@movementmortgage.com or on her cell @ 540-295-7596. Visit her profile @ http://www.movementmortgage.com/loan-officers/heather-frye/
Happy Friday! Per our conversation in the sales meeting on Tuesday – here is a quick table to explain the new MIP changes for FHA loans. Please feel free to reach out to me via cell this weekend should you or your clients need anything! Thanks so much and happy selling!
For case numbers assigned on or after June 3, 2013, for 15 year mortgage’s with LTV’s less than or equal to 78% the new MIP will increase per the following table.
|
Term <= 15 Years |
|||
|
Base Loan Amount |
LTV |
Previous MIP |
New MIP |
|
Any Amount |
<= 78% |
0 bps |
45 bps |
Another significant change for case numbers assigned on or after June 3, 2013 is for the duration that the MIP will remain on the loan.
|
Term |
LTV |
Previous MIP Term |
New MIP Term |
|
<= 15 years |
<= 78% |
No annual MIP |
11 years |
|
<= 15 years |
>78 – 90% |
Cancelled at 78% LTV |
11 years |
|
<= 15 years |
>90% |
Cancelled at 78% LTV |
Loan Term |
|
>15 years |
<=78% |
5 years |
11 years |
|
>15 years |
>78 – 90% |
Cancelled at 78% LTV & 5 years |
11 years |
|
>15 years |
>90% |
Cancelled at 78% LTV & 5 years |
Loan Term |
The following steps can be used to help agents download their own branded version of the app, to see basic functionality of the app, and to learn some basic marketing.
Here is a link to the PDF http://goo.gl/44SbA
The app is not live. It is in review at the apple store.
Please make sure that your information is ready to go so you can capture all of the leads and get your “unfair” advantage of the business!!