The man who was the second vice president and third president of the United States believed that property ownership was a citizen’s right. Thomas Jefferson pushed for legislation that helped define property lines and a system for purchasing land that was the basis for how real estate and ownership are described and transferred today, called the Land Ordinance of 1785.
Apply for an FHA loan. 2. Annual Mortgage Insurance Premium (FHA MIP) Annual FHA MIP is a bit more confusing, and we won’t bore you with minute details. Although, it’s not terribly difficult to see how it impacts your FHA mortgage payment. fha mip is calculated annually, but you pay it monthly as part of your FHA mortgage payment.
pre-2015 fha home buyers can get a double savings effect: they are tapping into today’s low rates and canceling high fha mortgage insurance, with one refinance. FHA mortgage insurance premiums won’t be going down in 2015. – Investments FHA mortgage insurance premiums won’t be going down in 2015 good news for private mortgage insurance.