July 22, 2024

FHA Mortgage Insurance Very Costly For Borrowers

FHA mortgage insurance is charged to borrowers to cover the cost of losses on defaulted mortgages.  The annual premium paid by a  borrower on an FHA loan has become very costly, amounting to thousands of dollars a year for many borrowers. Effective April 18, 2011, the the annual FHA mortgage premium was increased as the […]