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re: UPDATE Contacted today about refinancing my home from my Mortgage Company

Posted on 3/26/15 at 4:02 pm to
Posted by burgeman
Member since Jun 2008
10365 posts
Posted on 3/26/15 at 4:02 pm to
Hmm may have to check around then, I wasn't even thinking about this before being contacted today. Also I am paying pmi right now, $189/month it would drop to $120/month after refinance.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 4/2/15 at 7:35 pm to
quote:

Also I am paying pmi right now, $189/month it would drop to $120/month after refinance.



But in the new rules I think you pay pmi for the life of the loan. I bet your pmi falls off after 5 years with your current fha. That's a big deal
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