Financing in East Brunswick : Advice

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Mickey Balla…, Real Estate Pro in Parsippany, NJ
Mickey Ballantine answered:
FHA Loan question on PMI reduction
Hi Anibee,

Yes FHA does require to you pay FHA MIP for a minimum of 5 years. But if you were planning to pay down the balance 20%, maybe you would be better off refinancing out of th ... more
0 votes Share Flag Wed Jun 13, 2012 Financing in East Brunswick
x,  in Richmond, VA
x answered:
If I am closing a refinance in November, is asking for 2 qrtrs of prop taxes, 5 mths of Homeowner's ins., 1 month mortgage payment, int
How much you need in escrow depends on:

1. Exactly when you close
2. The last time your taxes and insurance were paid by the prior lender
3. When your taxes and insurance are due n ... more
0 votes Share Flag Sun Nov 7, 2010 Financing in East Brunswick
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