re: FHA Loan question.

quote:

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Thanks guys.

Hearing it's essentially starting back on 30 years is a no go for me.

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That wouldn't be a deal breaker for me at all. If redoing the loan gets rid of any PMI that your paying and lowers your rate you'd be saving money your not going to get back. Lowering your out of pocket monthly payment can also give you a chance to invest more money now for later. The higher percentage of income you can invest now will go a long way to determining your wealth later in life.
Having s mortgage isn't the worst thing in the world, and being overally concerned about expanding the time you'll have one is short sighted IMO.
Whatever number your paying a month now may seem significant but in all actuality that number in 28 years should seem puny. Again dollars invested now will have more actual value later.
Now if your one of those guys who can't sleep well at night knowing you "owe" somebody money I get it but it's prolly where we part ways in logic. My path towards wealth his partly dependent on accumulating as much debt as possible.