Wednesday, August 29, 2012

Can I refinance an FHA into a 80/10 Fannie? - Zillow Mortgage Advice

" Really, mortgage programs are?like the?lottery?"

You would be surprised!

Why bother with the 80/10, just go with the 90% and buyout the PMI either with cash, increased principal or a slightly increased rate. If you are at 85% the pricing is surely better to just get rid of the MI altogether.?

Find a CA loan officer that's DRE licensed as an agent as well as NMLS licensed and ask them for a CMA prior to ordering the appraisal.

Source: http://www.zillow.com/advice-thread/Can-I-refinance-an-FHA-into-a-80-10-Fannie/457687/

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