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SVTPerformance's Chain of Restaurants
Road Side Pub
Short term investment strategies
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<blockquote data-quote="Screw-Rice" data-source="post: 15293366" data-attributes="member: 31264"><p>Little backwards. FHA is the life of the loan, not only until you hit 78% LTV anymore. Granted there is some variance in their guidelines on that, but it no longer cancels automatically. Of course the obvious solution would be to refi into a conventional. </p><p></p><p>Conventional has a few different types. You can do PMI until you have 20% equity, or go no PMI and pay just under an extra percent in interest, which tends to be a few bucks less than paying PMI.</p></blockquote><p></p>
[QUOTE="Screw-Rice, post: 15293366, member: 31264"] Little backwards. FHA is the life of the loan, not only until you hit 78% LTV anymore. Granted there is some variance in their guidelines on that, but it no longer cancels automatically. Of course the obvious solution would be to refi into a conventional. Conventional has a few different types. You can do PMI until you have 20% equity, or go no PMI and pay just under an extra percent in interest, which tends to be a few bucks less than paying PMI. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Short term investment strategies
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