An FHA loan in Dallas is guaranteed due to the 2 different types of mortgage insurance that the borrower is to pay. The first is an upfront mortgage insurance premium (UFMIP). The other is an annual mortgage insurance premium. The annual mortgage insurance premium is a monthly payment, despite what the name suggests.
Mortgage Rates 10/1 Arm . rate mortgage (ARM) share of activity remained unchanged at 7.6 percent. The FHA share of total applications increased to 10.0 percent from 9.7 percent the week prior and VA applications accounted.
If you have a fixed rate mortgage and the rates have fallen to levels below the rate that you are paying. If you have an A.R.M. and rates are starting to rise. If your home value has risen and you would like to eliminate pmi (private mortgage insurance), you can refinance and have it removed on the new loan.