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Answers (4)
- Bob Willett, "SacRELender"
- Contributions:194
It's really an issue of equity. The FHA EEM is a great loan, and if you only have enough equity to do an FHA loan that might be the way to go. I would look at the Freddie HARP loan and pay for the energy upgrades with other financing options. If you are not paying any mortgage insurance now, paying FHA's mortgage just to do the EEM items may not really make sense.
As for the FHA Mortgage rates, they are really high. One point up front and over 1% annually on top of that.
- Norm D Plume, "America Needs Nixon!"
- Contributions:1670
That is a question for the finance guys
The obvious must elude you, Lori. This is a lender forum, the question was posed to "finance guys" by posting here.
The obvious must elude you, Lori. This is a lender forum, the question was posed to "finance guys" by posting here.
- Clay Branch, "Georgia Loans"
- Contributions:7836
Rob, do you have equity or is the loan balance higher then the home value?
- Lori Bost, "Lori200"
- Contributions:186
That is a question for the finance guys, [promotion deleted by Zillow moderator]
Have a freddie mac loan 4 yrs, I need a new furnace. Credit is good. can I refiance to fha eem?
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