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Updated over 9 years ago on . Most recent reply

Jermaine McIntosh's profile image
Jermaine McIntosh's profile image
Jermaine McIntosh
  • Real Estate Investor
  • from Brooklyn, New York
  • Member since May 14, 2015
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Jermaine McIntosh's profile image
Jermaine McIntosh's profile image
Jermaine McIntosh
  • Real Estate Investor
  • from Brooklyn, New York
  • Member since May 14, 2015
Connect
Jermaine McIntosh
  • Real Estate Investor
  • Brooklyn, NY
3
Votes |
29
Posts
Private Lending & Conventional Mortgage Advice

FHA Streamline

Jermaine McIntosh
  • Real Estate Investor
  • Brooklyn, NY
Posted

Hey all,

I bought a property in 2013 through an FHA loan with Mortgage Insurance Premium (MIP). I just got news that the government is lowering the MIP rate which would knock down some of the monthly premium. The value of the property has not increased by a significant amount either. Are there benefits to doing the FHA streamline and what are the cons if there are any?

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