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Mortgage Professor about fha inspection: | |||||||||||||||||||||||
Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more... Who Should Take an FHA Mortgage? April 24, 2000, Revised October 31, 2002, March 14, 2003, September 7, 2004 "We recently purchased a home with 20% down, with mortgage insurance provided by the Federal Housing Administration (FHA). When we closed on it, we were ... more... |
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fha inspection related definitions |
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FHA Mortgage Insurance
FHA Mortgage Insurance It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as MIP - Mortage Insurance Premium. By insuring the loan the Federal Government agrees to repay ... more... MIP, Mortgage Insurance Premium MIP, Mortgage Insurance Premium It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as FHA Mortgage Insurance. By insuring the loan the Federal Government agrees to repay ... more... |
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More about fha inspection 15 Tips To Help You Buy Your Home Building Permits and Inspections FHA Home Loan Information - Buying A Home With Help From The Government How Homeowner Can Save Their Home From Foreclosure Mobile Homes... What to Look for Mortgage Terms Explained Top Tips for Buying and Selling a Home Electrical Home Inspection: What You Need to Know! Mortgage Information for the First Time Homebuyer Termite and Moisture Damage Not Reported
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