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Is there an advantage refinancing conventional instead of FHA?

April 26, 2017advantage conventional FHA refinancing

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Is there an advantage refinancing conventional instead of FHA?

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We think so, with FHA you have mortgage insurance regardless of the LTV until the loan is paid in full. With conventional, it is not always needed. When it is required, it is only until the loan balance reaches a certain LTV, improvements have been made, or the value has appreciated to a certain level in a certain number of years. Then it may be possibly dropped*. *Congress is currently considering laws regarding mortgage insurance, call the office for up to date answers. Click for additional information.