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Updated about 7 years ago on . Most recent reply

Bruce Weyer's profile image
Bruce Weyer's profile image
Bruce Weyer
  • Rental Property Investor
  • from Jacksonville Beach, FL
  • Member since Dec 31, 2017
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29
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Bruce Weyer's profile image
Bruce Weyer's profile image
Bruce Weyer
  • Rental Property Investor
  • from Jacksonville Beach, FL
  • Member since Dec 31, 2017
Connect
Bruce Weyer
  • Rental Property Investor
  • Jacksonville Beach, FL
14
Votes |
29
Posts
Innovative Strategies

BRRRR and Mortgage insurance

Bruce Weyer
  • Rental Property Investor
  • Jacksonville Beach, FL
Posted
If I am paying cash for a house, then doing a refi to pull out 70% of money out. Will I have to pay Mortgage insurance on the new loan? Does the 30% left count as money down so that I do not have to pay Mortgage insurance ? Please help.
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