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Monument Financial Real Estate and Mortgage Solutions

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Old 06-02-2014, 8:00 PM
Punisher's Avatar
Punisher Punisher is offline
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Join Date: Nov 2009
Location: Orange County, Tustin, CA 92780
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Default Eliminating your PMI payments?

If you bought a home or refinanced onto an FHA loan and are not enjoying paying the monthly mortgage insurance, it's likely possible the PMI can be removed by rolling onto a conventional loan.

As long as your home is worth 5% more than your loan balance, it's possible to get a conventional loan without monthly mortgage insurance. Prices are up throughout areas of California. And for some, it makes sense to get rid of that PMI now.

If you have an FHA loan and want to see what your options are, shoot me a PM.

Steve
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