News from the Knoff Group

HUD Lowers FHA MIP by a Quarter Point | Realtor Magazine

Big news for FHA loans – still some work to do to make them more user friendly, but this is a big step. Mortgage insurance premiums on FHA-backed loans will be lower by 25 basis points on loans endorsed starting January 27, the federal government announced today. “After four straight years of growth and with …

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Six Points – Mortgage Program Basics

PureWest Christie’s International Real Estate in Bozeman recently held a Mortgage Basics discussion, hosted by Mortgage Broker Sherrie Kitto of Rocky Mountain Bank.  The class reviewed the basics of what programs available on the mortgage market.  As interest rates increase, the variety of loan programs available to buyers becomes more attractive.  Some offer very low …

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