Asked by Waterboy, 03051 • Wed Dec 28, 2011
I owe 237k on an fha loan @ 6% .I want to borrow 60 k for 10 yrs @ 4% and the residual 190k will be refinanced @ 4.125. I dont qualify for HARP because its an fha loan. The streamline rates arent worth it also.Will the second mortgage be tax deductible on my behalf and can they still require pmi since im borrowing 20% from family??? If my parents put my name on their deed can i get the loan on my own??? Yes i am borrowing extra money to add square footage/master bedroom addition.
Real Estate in Hudson
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