Asked by anibee, East Brunswick, NJ • Tue Jun 12, 2012
I bought a condo in East Brunswick and got it through FHA. I had gotten it when the Real Estate was in peak. I refinanced it through streamline FHA last year and now was trying to see if I can get the PMI removed by paying balance of 20% down. The loan servicer (BofA) said that it cannot be done and I have to pay for next 5 years (4 years now). My unit is down by 90K and cannot affort to refinance by getting a regular loan.
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