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re: Am I entitled to a refund of my PMI?

Posted on 6/28/13 at 1:20 pm to
Posted by AUtigerNOLA
New Orleans, LA
Member since Apr 2011
17109 posts
Posted on 6/28/13 at 1:20 pm to
quote:

My understanding is sometime this year, all new FHA loans that require PMI will have to have PMI through the life of the loan.


This is correct. June 1st was the official date when this went into effect.
Posted by LSUTigKyl
Nashville
Member since May 2009
1812 posts
Posted on 6/28/13 at 3:10 pm to
quote:

quote:
My understanding is sometime this year, all new FHA loans that require PMI will have to have PMI through the life of the loan.



This is correct. June 1st was the official date when this went into effect.


Can you eventually refinance to get rid of PMI? I bought my house in December with a FHA loan. I imagine I won't live there long enough to matter, but just curious.
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