First, a quote from our resident expert, Sr. Loan Officer of Nova Home Loans, Jeannie Bolger:
"Effective June 11, 2012--for any FHA note that was endorsed by HUD on or before May 31st, 2009--qualifies for reduced MIP on a Streamline Refinance (No Appraisal). Upfront MIP goes to .01% and Annual MIP will be .55%.Current upfront MIP is 1.75% and the Annual is 1.25%.HUGE SAVINGS."
What? You don't speak Klingon or Mortgagease?
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