Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can I still refinance out of PMI on my 15yr FHA loan?

Business Estate FHA Finance loan PMI Refinance renting
0
Posted

Can I still refinance out of PMI on my 15yr FHA loan?

0 CommentsAdd a Comment

2 Answers

0

If you refinance to a conventional loan with 80% or less loan to value ratio (effectively like a 20% down payment) you shouldn’t have to pay any monthly PMI but you will not get back any of the upfront PMI you paid when you took out your original mortgage.

0 CommentsAdd a Comment
0

last time i checked; and those rules are changing all the time; pmi is based on amount of equity built up

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123