Question by : Can mortgage insurance come off of an FHA loan?
If you pay down 20% of the principal balance on an FHA loan, what is ed can the mortgage insurance come off?
Best answer:
Answer by Common Sense
No, page unless you’ve had the loan at least 5 years. But remember it’s 20% of the value of the house, not the balance. Many values have dropped the last few years.
Give your answer to this question below!
Generally YES, but may require you to wait set time or to get professional appraisal
It’s an extra expense, and one avoided by putting down 20%