I have a home that we bought with an FHA insured loan in 1997 that we financed 99.92%. We currently owe 60K but house is now valued at 135K. When I contacted my mortgage company regarding removal of this they stated that do to the fact it was an FHA loan we are required to pay this until either the home is paid off or we refinance. Anyone know if this is the case or not??
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PMI with an FHA loan?
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