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FHA rates for UFMIP do not apply to all types of FHA loans, so the insurance amount for your loan may differ. For example, some streamline refinance transactions used to refinance existing FHA loans.
Interest-only loans are not for everyone, and because of the risks, the pros and cons of an interest-only loan should be considered thoroughly. If you prefer lower payments, borrowers on an interest-only loan make only monthly payments of interest for a set number of years before they begin to make principal payments.
Each day, Bankrate.com examines mortgage, refinance, home equity, CD, money market, auto loan, and personal loan rates from over 4,800 banking institutions in all 50 states.
Mortgagee Letter 2015-01 Loan Funds Targeted in Review of Liquidity Risk: Credit Markets – The watchdog will “look for concentrated positions” in interest-rate sensitive products such as high-yield bonds and mortgage-backed securities and “test for suitability and adequate disclosures,” it.