CarolinaHud.com
Title
Mortgage and Bank Foreclosures at cihud
Description
Excerpted from the website:
- If the house you are interested in is a Housing and Urban Development (HUD) foreclosure, then it was last purchased with an Federal Housing Administration (FHA) mortgage. The Federal Government insured the loan, making the previous FHA loan possible. By insuring the loan the Federal Government agrees to repay the Lender for all money lost by the lender in case the property is foreclosed on. It’s a good deal for the Lender as their investment is 100% insured. The Federal Government protects itself by collecting on each transaction of a federally financed property a Mortgage Insurance Premium (MIP) at the time of purchase. The MIP is 2.25% of the mortgage amount and is helpful in several ways
Address
- 65 Old Solomons Is Rd
- Annapolis MD 21401 US
Contact
- CarolinaHUD.com
-
- +1 410 268 3310
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