Are there any downsides to a FHA Steamline mortgage loan?
The montly MI is now 1.15% so that will go up - on a $250,000 loan it will go to approx $240.00 per month from $187.50 -not quite double, but a pretty big chunk!Rates 6 monts ago on an FHA were 4.875-5% so on a streamline the lender needs to make enough money on the rate to pay all of your closing costs and make some...