Credit Counseling to Lower FHA Borrowers’ Payments: Federal Housing Administration borrowers may be able to lower their mortgage insurance premiums if they agree to undergo housing counseling. FHA announced a new program –(HAWK)– earlier this month that would allow FHA borrowers who complete counseling before closing to receive a 0.5 percentage point reduction in their upfront insurance premium. Borrowers may also qualify for more savings too. Also Mortgage Rates Fall to 7-Month Low
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