Saturday 12 December 2009 @ 8:15 am
I have read PMI occurs when less than 20% is put down on a house.
If you are doing a FHA loan, where the down payment requirement is only 3-3.5%, is PMI still a factor?
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Saturday 12 September 2009 @ 1:21 am
I have a 15 year FHA loan that origninated June 2 2008. I had a 10% downpayment and had upfront PMI tacked on to the loan. I would now like to refinance to a 30 year conventional loan with 20% down. Will a percentage of my current PMI be removed or have the laws changed?
