Financing in 30005 : Real Estate Advice

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Sandy Thacker, Real Estate Pro in Alpharetta, GA
Sandy Thacker answered:
Pay $10000 towards principal but check returned
I suggest you wait until the servicing transfer is complete. I handle your type of scenario on a regular basis. Feel free to reach out to me.
0 votes Share Flag Sat Nov 9, 2013 Financing in 30005
Marc D'Angelo…, Other/Just Looking in Roswell, GA
Marc D'Angelo - Lender answered:
For FHA streamline refinancing, if I pay down 22%, i.e. 78% remaining of original FHA loan value, do I have to pay MIP for 5 years for a 30 year loan?
Yes you must have MI for a minimum of 5 years with FHA on a 30 year loan.
0 votes Share Flag Wed Jan 23, 2013 Financing in 30005
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