“Article Says, FHA May Drop Monthly Premiums Again”
At the time that President Obama came out with the lowering of the monthly mortgage insurance premiums it was applauded by almost everyone. There were many who said, we will eventually need to do a bailout for FHA and just the opposite is the case.
I was reading an article over the weekend that indicated the results have actually created more revenues, rather than less and even more importantly there are more homeowners getting FHA mortgages to buy their homes.
So let’s think beyond FHA, would it be the same result if personal and business income taxes were lowered? There has been so much discussion about the lowering of taxes during this presidential campaign and the debates, but unfortunately only on one side. Lower taxes will mean a bigger and stronger economy.
The results of the lowered FHA fees would have the same effect, but why do we need to wait for the results of the next election? This should not be Republican or Democratic issue; this should be a National issue that needs to be addressed sooner rather than later.
What are your thoughts?
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Joe Petrowsky, NMLS #6869
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