mortgage insurance premium adviseMy wife and I have a FHA loan, original price 305,000 in 94564 area, payments with escrow is 2300 monthly @ 4.75%. I was contacted by BofA who handle or loan and they indicated that our value of home has gone up and is now ruffly 345000. He told me I now qualify to refinance at 4.6% with the 28 years remaining and no more MIP. Does this sound like something I should look into or could it be a scam. My wife and I would like to have the MIP removed but wanting some adviseSeptember 09 2013 - Pinole0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.