FHA Loans Are About To Cost You More Per Month

Collier Swecker video blogs about how FHA is raising the annual PMI rate is going up from 0.90% to 1.15%, an increase of nearly 28%. This increase will take effect on April 18, 2011 and will make the cost of an FHA loan more expensive on a monthly basis for borrowers. A typical $200,000 FHA loan will cost approximately $40 more per month. If you have any comments or questions about this FHA PMI increase, email me at Collier@MegaAgentRealEstate.com or visit my website at www.MegaAgentRealEstate.com.

 

 

About Collier Swecker

Collier Swecker is a licensed real estate broker, attorney, blogger, speaker and entrepreneur. He is the founding partner of the Mega Agent Real Estate Team at RE/MAX Advantage which ranks as one of the top selling real estate teams in Alabama. Collier also acts as a business and marketing consultant for small business start-ups.

Collier graduated from Auburn University (B.A., 1998), Cumberland School of Law (Juris Doctor, 2002) and Washington University School of Law in St. Louis (Masters of Law in Taxation, 2003). Collier was the principal partner of the law firm Swecker and Sparks LLC for 3 years before leaving the law practice for real estate development and sales.

Collier is a native of Yorktown, Virginia and currently resides in Birmingham, Alabama with his wife, Amanda Capps Swecker. Collier & Amanda are the proud parents to a beautiful daughter, Julia Abigayle. They have one dog named Kramer.

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