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Updated over 3 years ago on . Most recent reply

User Stats

28
Posts
6
Votes
Symone Gordon
6
Votes |
28
Posts

Time To Refinance - Best option needed

Symone Gordon
Posted

I currently own a duplex under an FHA loan (purchased Jan 2021) - I want to refinance as well as purchase another multi-family home. I'm wondering which is more beneficial: Refinancing using an FHA streamline loan for a lower interest rate or conventional to get rid of the PMI? I purchased at $250K with 3.75% rate and $10K DPA (If I refinance within 5 years DPA at time of refinance due in full). Property currently worth $295K.

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