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FHA is eliminating the post-payment interest charges

After Jan 21, 2015 FHA is eliminating the post-payment interest charges. Finally Homeowner’s who have an FHA Loan that is being paid off through escrow will not have to be subject to paying an entire month of interest or try to have their loans close as close to the end of the month as possible to avoid being charged so much. Less stress for us in the mortgage industry and fair for the homeowners. Good news all around.

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