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re: FHA: Insurance premiums for mortgages will no longer be phased out at 78%
Posted on 1/31/13 at 1:13 pm to Waffle House
Posted on 1/31/13 at 1:13 pm to Waffle House
quote:
So is this saying that if you put 10% down, once you hit the 78% you can cancel your PMI payments?
You don't need to put 10% down for FHA loans, which require PMI insurance.
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