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re: Getting Rid of PMI on FHA Loan

Posted on 1/15/19 at 7:33 am to
Posted by ItNeverRains
37069
Member since Oct 2007
25577 posts
Posted on 1/15/19 at 7:33 am to
Rates are north of 5% now, if your in the 3’s may be cheaper to pay it vs converting to conventional loan.

Edit : MIP for life of FHA was implemented under Obama, not Trump
This post was edited on 1/15/19 at 7:34 am
Posted by TheWiz
Third World, LA
Member since Aug 2007
11685 posts
Posted on 1/15/19 at 10:21 am to
quote:

Edit : MIP for life of FHA was implemented under Obama, not Trump


I thought there was some rule that stated you could remove MIP on loans originated before July 2012 or 2013. Can't remember which year.
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