You correctly state that FHA loans carry a mandatory 5-year MI period regardless of LTV percentage, and after this 5-year period the your original LOAN AMOUNT must be paid ... more
The question is for purchase of property from a relative.
Secondly, I'm not aware of 'gift of equity' process, especially in CA.
If the ... more
I would avoid real estate as an investment until 30 year fixed rates are hittin on or near all time highs near 20%.
At that time home prices will be very cheap and tenan ... more