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Message
re: UPDATE Contacted today about refinancing my home from my Mortgage Company
Posted on 4/3/15 at 7:51 am to Mr.Perfect
Posted on 4/3/15 at 7:51 am to Mr.Perfect
quote:
But in the new rules I think you pay pmi for the life of the loan.
I never understand why people make a big deal out of this
97% of the borrowing public refis every 5-7yrs. You will never stay in the loan for the life of it
Rates were 3.25% on 30yr yesterday. Drop your rate and pmi. Ride it out for 5yrs then refi out of FHA
2
Posted on 4/3/15 at 8:19 am to SDVTiger
Are they 3.25% on the FHA streamline? I am getting 3.625% from my mortgage company and 3.825% from GMFS to do streamline FHA 30 year. A standard FHA is lower but I keep my PMI the same. Both are refinancing me at $72k and my total payoff currently is around $69k with escrow stuff included. I would be dropping my PMI from $180 to $120 a month.
Posted on 4/3/15 at 11:56 am to SDVTiger
quote:
97% of the borrowing public
You think it's that High?
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