Question by nathan.pitchford: Do ALL FHA loans require mortgage insurance?
I’m looking into refinancing my home to get out of an adjustable rate and I’ve received two good faith estimates. Both for FHA loans. It’s a 95% loan and one company says they can get me the loan without mortgage insurance and the other says it’s a requirement.
Well I’m being assured that this FHA loan doesn’t have any PMI on it and it’s 95%. I even referenced the fhaloan.com site and he said he is 100% sure no MI. Any ideas?
Best answer:
Answer by Mortgageman
The loan will have mortgage insurance. You can take a higher interest rate and have the lender pay it up front. Or you can add it to your loan amount and finance it over the life of the loan. Or you can pay it monthly with your mortgage payment and petition to have it removed once you think you have 20% equity.
Know better? Leave your own answer in the comments!
Verify out these condominium pictures:
Alam Damai Condominium @ Kota Kinabalu, tadalafil Malaysia
Image by thienzieyung
Headed to Maktab Gaya Road in Luyang this morning to photograph a bird’s eye view of Luyang location. Alam Damai Condominium, medicine developed by the Wah Mie Group is about ready to be occupied and is a wonderful addition to the Luyang area. Towers A & B is on the proper whilst the lone Tower C is on the left. Also noticed is Harrington Court.
If you would like to see more residences click here…
Alam Damai Condominium From Karamunsing
Image by thienzieyung
This is indeed 1 angle of Alam Damai individuals don’t see everyday. Generally, physician they are seen from bearings 90° to 180°. Now they are viewed from the side facing west, around 250° to 270°. And it looks like the developers wants these condominiums to face the sea. Behind , a bit of Jesselton Condominium is observed and Kokol Hill towers above. The Nenas Hill Flyover is observed also with Tuaran Road clearly visible at bottom proper.
A lot more great houses click here…
Mystic Cove, The Victorian Condominiums
Image by Galveston.com
Scenes from the Mystic Cove at the Victorian Condominiums in Galveston Island. Brought to you by the official internet site of Galveston Island tourism, www.galveston.com. For lodging, check out our internet site or contact toll-free of charge (888)939-8680
Much more excellent houses click here…
Thanks for this article. I have a hard time finding good content related to real estate news.
Great article on real estate news! I'm sure this is going to help a lot of people.