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re: PMI payments question
Posted on 4/2/14 at 8:43 am to HailToTheChiz
Posted on 4/2/14 at 8:43 am to HailToTheChiz
PMI on FHA loans is currently brutal. Assuming yours is fairly high (as a % of your payment to principal + interest), this may be one of the few scenarios where it is a good move to pay off loan principal early in order to refinance more quickly. In most other scenarios, you're better off investing those extra funds
1
Posted on 4/2/14 at 9:51 am to Feed Me Popeyes
I agree. I got my FHA loan well before the new rule of the life of the loan. It used to be 5 years or ltv 78%.
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