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Updated over 7 years ago on . Most recent reply

User Stats

31
Posts
3
Votes
Charles Mullins
  • Sarasota, FL
3
Votes |
31
Posts

FHA w/ Mortgage Insurance - benefits?

Charles Mullins
  • Sarasota, FL
Posted

Hi everyone, some basic questions as I try and learn some of the basics. I read or possibly heard on a PodCast that if you can do a FHA with minimum down you can then then have more money to use on additional investment properties. What I get caught up if you put the minimum down on FHA and have the extra cost of Mortgage Insurance is it worth it? I"m guessing the extra investment properties would out way the cost. Is this accurate? After the required one year as you move on to another and repeat I'm guessing then you would need to refinance. Any guidance here to help me paint this picture would be so much appreciated. haha so much to learn and thankful to everyone here.

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