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re: Borrowing money from 401k...how does this work usually?

Posted on 2/24/16 at 7:21 pm to
Posted by Powerman
Member since Jan 2004
162295 posts
Posted on 2/24/16 at 7:21 pm to
quote:



PMI is LIFE OF THE LOAN now on ANY new fha loan

It decreases, but never falls off without a refinance


Some lenders offer traditional loans with as little as 5% down. Usually credit unions. No PMI required.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17444 posts
Posted on 2/24/16 at 7:22 pm to
If it is FHA, it's life of the loan
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