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Updated about 7 years ago on . Most recent reply

Matt Steele's profile image
Matt Steele's profile image
Matt Steele
  • Investor
  • from Danvers, MA
  • Member since Jan 28, 2017
Connect

User Stats

32
Posts
6
Votes
Matt Steele's profile image
Matt Steele's profile image
Matt Steele
  • Investor
  • from Danvers, MA
  • Member since Jan 28, 2017
Connect
Matt Steele
  • Investor
  • Danvers, MA
6
Votes |
32
Posts
Mortgage Brokers & Lenders

Re-fi FHA -> Freddie Mac Home Possible Program

Matt Steele
  • Investor
  • Danvers, MA
Posted

HI BP Folks!

I have been looking into either paying forward my FHA loan to get out of PMI or refinancing. I have found some interesting calculators. Basically I could pay an additional $750 to principal and get out of PMI by 01/2022.

I purchased my property @ 3.5% down in July 2017 w/ 4.25% interest. I received an email from the Loan Office I went through, saying "I can get you out of FHA and into the Freddie Mac Home Possible program. It would save you about $200/month".

Looking for any recommendation how to approach this. 

Best, 

Matt

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