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How Will the Mortgage Insurance Reduction Affect You?

Homeowners may save thousands of dollars on their home mortgages! In January, the Federal Housing Administration (FHA) announced a policy change that could save homeowners thousands of dollars on their home mortgages. The annual personal mortgage insurance (PMI) premiums will be reduced by 50 points. What is Personal Mortgage Insurance? Personal Mortgage Insurance (PMI) is an…

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