Asked by Devanandana Kamatham, Lakewood, CA • Fri Mar 26, 2010
Hello, Thanks for reading my question.
I bought my first home in 2009 with FHA. Now I got appraised my home and it increased about 30 K in equity. I want to the following options
option 1: Refinance with little lower interest rate on conventional loan. I am not sure I will get my Mortgage Insurance Premium back that I paid to HUD.
option 2: Refinance to FHA loan and take the equity and buy investment property
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