Financial Information
Eliminating Private Mortgage Insurance
You have to insure your home. But do you really have to insure that mortgage too? It’s called private mortgage insurance, and according to money expert Stacy Johnson, for many people, it’s expensive and unnecessary.
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#2 written by stoldgar 1 year ago
owe 52,000 house worth 205,000 and I still have to pay to this day. per guidelines of the federal housing Administration. FHA Mortgage Insurance is required on all loans originated under the FHA program until the account is paid in full. Once your account is paid in full, a partial refund can be requested from the Departmet of Housing and Urban development.
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Very informative. Good sound advice.