Replies (2)
- Brian Goetz, "bri_gets"
- Contributions:451
You could also refi into another FHA loan 30 year fixed rate at about 3.75%. You could always make extra payments to pay off the loan at a faster pace. The rate isn't as good as the 15 year fixed rate, but it is a heck of a lot better than your current rate.
If you have the money to pay down the balance under 80% of the appraised value, then I would do that to avoid mortgage insurance alltogether.
I doubt that money is doing much for you right now anyways since interest rates are so low on savings or CD's and the stock market is so volatile.
If you have the money to pay down the balance under 80% of the appraised value, then I would do that to avoid mortgage insurance alltogether.
I doubt that money is doing much for you right now anyways since interest rates are so low on savings or CD's and the stock market is so volatile.
- Clay Branch, "Georgia Loans"
- Contributions:8817
You can do a streamline from a 30 Yr to 15Yr if the new payment is 5% less, it should not have been submitted to underwriting if the payment went up $300. There is nothing stopping you from doing a full doc 15 Yr FHA
( with appraisal ) loan if you qualify and you have 2.25% equity, do you?
( with appraisal ) loan if you qualify and you have 2.25% equity, do you?
Want to refi my FHA Loan. Help Needed
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