Post A Reply
read DMs/my profile
login
|
join CAFords
|
search
|
faq
|
»
Northern California Ford Owners
»
Automotive
»
General Talk
»
house loan q?
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code is enabled.
[QUOTE]Originally posted by venomous99: [QB] some additional info taken from page: http://www.goodmortgage.com/Learn/Basics/How_To_Remove_PMI.html FHA loans are not required to drop PMI under the same rules as conforming loans - if you have an FHA loan - expect to keep paying PMI for at least 5 years [b]AND[/b] until your LTV is less than 78%. Refinancing may be the best option for you. so many that have bought within the past 3 years are seeing some crazy gains and likely have met the 20% equity by now. that said, if you're paying pmi it may not be a straight forward process to have the pmi removed within the guidelines of your FHA loan unless you refi. there are exceptions to the rule im sure and itll all depend on how flexible your lender is. i wouldnt get so hung up on PMI. if you dont have the 20% why even debate it. go w/ the FHA and worry about refi'ing much later on when you meet the requirements. [/QB][/QUOTE]
(
how?
)
Instant Emojis
Instant UBB Code
What is UBB Code?
Options
Disable smilies in this post.
*** Click here to review this topic. ***
Questions/Requests/Suggestions? email CAFords
Fueled by
Ford Mustang Owners
on CaliforniaFords.com