Sunday, February 25, 2018

FHA MIP REDUCED -- Only Wait 3 Years To Buy After Forclosure

After a foreclosure, how many years must pass before the client is eligible for financing?

  • Timing is calculated from the date the property transferred out of the foreclosed client's name to either:
  • The date of last activity if foreclosure is reporting on credit
  • The date credit was pulled if it is NOT reporting on credit

  • 2 years: VA
  • 3 years: FHA
  • 7 years: Agency & Jumbo

FHA MIP Chart for Loans Greater Than 15 Years
Base Loan AmountLTVAnnual MIP

Wednesday, February 14, 2018


Saving $150 a month, can increase the amount of home you can afford. In the example below, it increases your buying power by $33,000.

Putting between 3%-19% down, requires mortgage insurance. So EZ Mortgage allows you to waive the mortgage insurance. Our partner is the largest online mortgage lender in the USA and has the lowest cost for mortgage insurance. We let them pay the mortgage insurance for you in exchange for a slightly higher rate. The total payment ends up being much less this way and the bottom line cost is lower as well.

Michael James Hansen
Toll-Free & FAX: (855)955-SOEZ
Web: SoEZ.TV

Legal Info: So Easy Mortgage, Inc., DBA So EZ Mortgage NMLS: Broker: 344532 Officer: 1093652 CalBRE Broker: 01885141 Officer: 01940614 ASDFI: AZ Branch Office: 0123453 CA Broker Office: 0945395 Loan Originator: 0939162 Locations: 244 Juanita Way, Placentia, CA 92870 & 43989 W Palo Abeto Dr. Maricopa, AZ 85138

Working With Optimum First Mortgage

I am working with Optimum First Mortgage again, bitter sweet. :) You should be getting an email from me at to keep ...