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Updated over 8 years ago on . Most recent reply

User Stats

874
Posts
647
Votes
Dan Schwartz
  • Real Estate Investor
  • Tempe, AZ
647
Votes |
874
Posts

Unearned premium on prepaid PMI

Dan Schwartz
  • Real Estate Investor
  • Tempe, AZ
Posted
I'll skip to the "tl;dr".... We prepaid PMI on our primary residence. We are considering refinancing. I've looked up HPA regulations and while it stipulates that unearned premium on prepaid PMI is refundable, I cannot form a clear answer from my research. Any lenders have experience in this realm? Any direction on what specifically I should be looking for? Conventional loan, 5% down, prepaid PMI was just over 2% of the loan amount. Thanks!

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