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Home Payments will be lower! FHA premiums cut

by Southern Californias Top Producing Mother & Son Te

This is going to help a lot of buyers out there.  The FHA premium is paid by buyers who are obtaining loan financing and are putting less than 20% down payment.  It's basically an insurance that buyers pay so that in case you were  unable to make payments on the home, the bank that leant you the money will be covered in case you are headed into foreclosure.  

That FHA premium was always factored into a buyers payment but now since premiums or that insurance are being reduced, it's looking for a lot of buyers to have either more buying power or a lower payment than they would otherwise.

Keep in mind that this really only benefits those buyers or homeowners that are putting less than 20% down payment.  If want to read a little more on this and a little more on the exact amounts that the FHA premium is being reduced click here for the full article!

Happy New Year from Mother & Son Team

by Southern Californias Top Producing Mother & Son Te



We really hope that this year brings much joy, and happiness into your lives...  Every year seems to have it's challenges but one thing is for certain.  We can always look back, learn and grow from the previous year and that is the truth!  

We are really looking forward to an amazing year in real estate.  We just got word that on FHA loans the cost of Mortgage insurance is going DOWN!  This is amazing news.  This means monthly payments will be lower for a homeowner with buying with FHA financing and therefore more of you out there will be able to qualify for a home...  Be sure to contact us when your ready to sell or buy a home!  We know we are an excellent choice for all your real estate needs! 

We'll leave you with this:  Enjoy this year, take everything as a learning experience and as we like to do, see it as one step closer to eternity in heaven with our Lord Jesus Christ.  We are thankful in all things in life.  

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Photo of The Mother & Son Team - Maria Palacios & Chris Gon Real Estate
The Mother & Son Team - Maria Palacios & Chris Gon
Berkshire Hathaway HomeServices, California Properties
16911 Bellflower Blvd
Bellflower CA 90706
(877) 883-1003
Fax: 562-381-9113