We’ve been paying on it for only 2 years, but interest rates have greatly declined. We didn’t place any money down so we have to pay a monthly mortgage insurance.
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Can We Refinance Our Fha 30 Year Fixed Loan? | FHA Mortgage Blog
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Tags: been-paying, FHA, FHA Mortgage, greatly-declined, home loan, loans-down, monthly-mortgage, mortgage
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Holding our breath for the end of March. Thanks!!! Steve. MORTGAGE TIP OF THE DAY: FHA has an upfront MIP amount of 1.75% soon to go to 2.25% along with MIP in the payment of .55%. That upfront MIP can be financed into the loan. ... Up to $417000 purchase or refinance. Payment would adjust to $435.69 in 7 years (3.000% interest rate) if the rate were to adjust based on the current index rate. 30 Year Fixed 4.875% (same) 4.966% $529.21 Interest and Principal ...