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re: ReFinance Question
Posted on 1/24/13 at 3:06 pm to GimmieSomeGlitter
Posted on 1/24/13 at 3:06 pm to GimmieSomeGlitter
Make sure to pay off your FHA loan at the end of the month. If you pay it off at the beginning you are forced to pay the interest for the rest of that month. Basically they don't calculate interest per diem, only per month. It's a scam by FHA to force you to pay interst on money you are no longer borrowing, and should be illegal IMO.
1
Posted on 1/24/13 at 4:32 pm to MikeBRLA
I would be sure you will meet the mark to remove PMI or have enough cash to put down on principal if you are close before deciding.
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