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Updated over 11 years ago on . Most recent reply

Nicholas Jacobsen's profile image
Nicholas Jacobsen's profile image
Nicholas Jacobsen
  • Involved In Real Estate
  • from West Covina, California
  • Member since Oct 1, 2013
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Nicholas Jacobsen's profile image
Nicholas Jacobsen's profile image
Nicholas Jacobsen
  • Involved In Real Estate
  • from West Covina, California
  • Member since Oct 1, 2013
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Nicholas Jacobsen
  • Involved In Real Estate
  • West Covina, CA
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Private Lending & Conventional Mortgage Advice

PMI

Nicholas Jacobsen
  • Involved In Real Estate
  • West Covina, CA
Posted

Hello All,

Scenario: First time home buyer (Monrovia, CA) qualified for a FHA loan at about 4.25% interest. With that came a 5 year PMI. 2.5 years into homeownership and there is over 20% equity in the home (appreciation included) and wondering if there is a way to rid the PMI without refinancing. Interest rates are higher now and adding years with a new mortgage is not in the best interest. Any thoughts?

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