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  • Aug 19, 2014
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Mortgage Insurance

Many buyers are switching to conventional loans to avoid the high mortgage insurance that goes along with current FHA loans. FHA increased their mortgage insurance from an average of $125/mo in 2010 to $340/mo currently.  It’s part of FHA’s effort to boost cash reserves lost in the aftermath of the housing crisis. Look at a conventional loan to avoid high mortgage insurance.

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