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RE Industry Pressure Worked: FHFA Postpones Refi Fees

After Sept. 1, owners who refinanced would have been charged a 0.5% surcharge if Fannie Mae or Freddie Mac would be taking over the loan. The surcharge will still go into effect but not until Dec. 1 – and refi loans less than $125K won’t be charged the fee at all. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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