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fha/ mo premiun in mtg

Profile picture for wrappergirl1
my property  has a gross assesment value of 117000, it was 148,000, i pay 81.53 mo for a fha mip which has a 111 months to pay ahead of me. if i owe 193,000, can i now get that pymy removed from my loan
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January 12 - East Haven
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Profile picture for Georgia Loans
The assessed value has no bearing on your mortgage insurance. The monthly MI payment will fall off once your balance reaches 78% of the original appraisal or purchase price if lower and it sounds like that will be when you reach a balance of aprx $156K.
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January 12
 
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Discussionfha/ mo premiun in mtg
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