Posted on: 31st Aug, 2009 12:00 pm
ONE SIMPLE QUESTION:>I do something better>only one question (response no have to be legal)only
information:>if I pay pre pay mip also i have to pay($$ equal amount $$) in
finance mip??this example graphic is explicit == $2,488 mip funding fee and
also $2488 finance fee mip =$4,900 ?? (both included,charge,put in the loan
in form 1003 HUD////of course you notice this is a loan FHA(of course you
know that)
information:>if I pay pre pay mip also i have to pay($$ equal amount $$) in
finance mip??this example graphic is explicit == $2,488 mip funding fee and
also $2488 finance fee mip =$4,900 ?? (both included,charge,put in the loan
in form 1003 HUD////of course you notice this is a loan FHA(of course you
know that)
If the Up Front Mortgage Insurance Premium is $2,488, you either pay for that in cash so it is not added to the base FHA mortgage amount
or
it is added to the base FHA mortgage amount if you do not pay cash for it.
One or the other is correct, not both.
or
it is added to the base FHA mortgage amount if you do not pay cash for it.
One or the other is correct, not both.
IS IN MY FORM 1003 HUD,BOTH ARE INCUDE IN THE LOAN,WHERE I CAN FIND RULES,WHITE PAPER,WHATEVER,SO I CAN FITE BACK(I DON'T KNOW WHERE TO GO TO ASK FOR MY MONEY ) BUT I NEED PROBE TO DO THAT,..WHERE I CAN FIND THE INF. I NEED( I TRY THE BANK,LENDER,BUT NOTHING WAS DONE,..I'TS CLEAR THEY WANT THE MONEY FOR THEM!!!OF COURSE IS IN HIS HAND!!!!!!!!!!!! :evil:
grama,
In every state there are state banking authorities.which do take care of customer's grievances.
This is really good link where you can get your state's regulating authority regarding banking.
http://www.consumeraction.gov/banking.shtml
In every state there are state banking authorities.which do take care of customer's grievances.
This is really good link where you can get your state's regulating authority regarding banking.
http://www.consumeraction.gov/banking.shtml
for more than 2 weeks i try to find >if i pay pre-pay also have to pay refinance??i e-mail more than 1,000 (everiware)but nothing is found the answer of the gov increibles no said nothing,thanks for consumeraction.gov/banking.shtmln(nothing answer) do you have and idea what to do??? :mrgreen:
Hi grampa!
Welcome to forums!
If you pre-pay your mortgage dues, you can be liable for the pre-payment penalty if it's mentioned in your mortgage docs. If you pre-pay your loan, you do not need to refinance it. You can take a new loan on the same property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you pre-pay your mortgage dues, you can be liable for the pre-payment penalty if it's mentioned in your mortgage docs. If you pre-pay your loan, you do not need to refinance it. You can take a new loan on the same property.
Feel free to ask if you've further queries.
Sussane
I SAID I PAY(PRE PAY $2488 IN FUNDING FEE MIP ALSO PAY FINANCE FEE $2488)MIP // THAT'S No LEGAL,BUT I DON'T FIND COPY OF THE LAW(ESPESIFIC) and noBody want to be responsable,to i get my money back of $2488(mip) i pay over!!!!!!!!!!said in english+if i pay funding fee mip NOT,NOT HAVE TO PAY FINANCE MIP,BOTH ARE INCLUDED(CHARGE)IN THE LOAN!!!!!!!!!!!!PLEASE HELP ME!!!!!!!!!!!!!!!!!
Grama
can you tell in which state do you stay? So that I can specifically assist you.
thanks.
can you tell in which state do you stay? So that I can specifically assist you.
thanks.
Hi grampa,
As John has stated in his earlier post, both cannot be charge to you at a point of time. The lender can either ask you to pay it upfront or it may be included in your base mortgage amount. As you've mentioned that you want to sort out the issue, I would suggest you to contact an attorney and take his opinion in this regard. He would let you know what steps you need to take in order to file a lawsuit against your lender.
Take care.
As John has stated in his earlier post, both cannot be charge to you at a point of time. The lender can either ask you to pay it upfront or it may be included in your base mortgage amount. As you've mentioned that you want to sort out the issue, I would suggest you to contact an attorney and take his opinion in this regard. He would let you know what steps you need to take in order to file a lawsuit against your lender.
Take care.
Hi Bensonclive,
"For any query henceforth related to mortgage just log on to "www.mortgagefit.com" and get the best available solutions. "
I don't think you should be saying it again and again. It's just that it may send a wrong message to the unregistered members who post their queries in our forums. They may feel that their queries won't be answered if they do not register with MortgageFit. However, it is not so. In our forums, we give suggestions to both the registered as well as unregistered members. So, I would suggest you not to add those lines in your posts.
I hope you'll understand and co-operate with us.
May god bless you
Samantha
"For any query henceforth related to mortgage just log on to "www.mortgagefit.com" and get the best available solutions. "
I don't think you should be saying it again and again. It's just that it may send a wrong message to the unregistered members who post their queries in our forums. They may feel that their queries won't be answered if they do not register with MortgageFit. However, it is not so. In our forums, we give suggestions to both the registered as well as unregistered members. So, I would suggest you not to add those lines in your posts.
I hope you'll understand and co-operate with us.
May god bless you
Samantha
well said, samantha.
I PAY $4900 MIP ($2488/$2488) I DON'T KNOW IF $2488 (OVER/DOUBLE) GO TO COMMICION WITH THE COVER NAME OF MIP???
RESPA prohibits the payment of duplicative fees.(8b)
----- Original Message ----- Orlando 32792
From: grampa1631
Subject: I NEED REALLY HELP!!!!!!!!!!!
----- Original Message -----
Sent: Tuesday, September 01, 2009 1:48 PM
Subject: IF I PAY PRE-PAY ALSO I HAVE TO PAY FINANCE MIP??I PAY BOTH???
ONLY ONE SIMPLE QUESTION:>
HUD collects an Up Front Mortgage Insurance Premium (UFMIP) and an annual premium (collected on a monthly basis NEED ESPESIFIC INF :IF I PAY IN FRONT MIP,I HAVE TO PAY FINANCE MIP?,I PAY $2,488 FOR IN FRONT AND ALSO $2,488 FOR FINANCE MIP,BOTH INCLUDED AND CHARGE,IN THE LOAN,FORM 1003,(ATTACH)BE ESPESIFIC:IF I PAY IN FRONT ,ALSO HAVE TO PAY FINANCE???:FOR ME IF I PAY ONE(CHOSE BY ME /CLOSING$$$-or//REFINANCE) I ONLY HAVE TO PAY ONE,ONLY one MIP,AND THEN MONTHLY BLA,BLA,BLA BUT I PAY TWO,AND NOT FOUND THE RULES (HUD-FHA) TO PROBED!!!!!!!!!!!!need send the rules of funding fee(pre-pay) v/s finance mip,or where to collect the dupplicated payment $2488,but said something,please!!!!!!!!
ment of duplicative fees.
RESPA prohibits the payment of duplicative fees.(8b)
----- Original Message ----- Orlando 32792
From: grampa1631
Subject: I NEED REALLY HELP!!!!!!!!!!!
----- Original Message -----
Sent: Tuesday, September 01, 2009 1:48 PM
Subject: IF I PAY PRE-PAY ALSO I HAVE TO PAY FINANCE MIP??I PAY BOTH???
ONLY ONE SIMPLE QUESTION:>
HUD collects an Up Front Mortgage Insurance Premium (UFMIP) and an annual premium (collected on a monthly basis NEED ESPESIFIC INF :IF I PAY IN FRONT MIP,I HAVE TO PAY FINANCE MIP?,I PAY $2,488 FOR IN FRONT AND ALSO $2,488 FOR FINANCE MIP,BOTH INCLUDED AND CHARGE,IN THE LOAN,FORM 1003,(ATTACH)BE ESPESIFIC:IF I PAY IN FRONT ,ALSO HAVE TO PAY FINANCE???:FOR ME IF I PAY ONE(CHOSE BY ME /CLOSING$$$-or//REFINANCE) I ONLY HAVE TO PAY ONE,ONLY one MIP,AND THEN MONTHLY BLA,BLA,BLA BUT I PAY TWO,AND NOT FOUND THE RULES (HUD-FHA) TO PROBED!!!!!!!!!!!!need send the rules of funding fee(pre-pay) v/s finance mip,or where to collect the dupplicated payment $2488,but said something,please!!!!!!!!
ment of duplicative fees.
grampa, that was ridiculous. DO NOT fill my email with your foolishness.