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All Forum Posts by: Matt Steele

Matt Steele has started 9 posts and replied 32 times.

Private Lending & Conventional Mortgage Advice

Post: Looking to refi at end of year.

Matt SteelePosted
  • Investor
  • Danvers, MA
  • Posts 32
  • Votes 6

I currently have a FHA loan on a 2 family home in Danvers, MA.

I was told with my debt to income ratio I would be able to refinance out of my loan into something else to get rid of PMI. Looking to acquire knowledge on all options.

Thank you, 

Matt

0 Votes
Starting Out

Post: Question about taking loan credits or not

Matt SteelePosted
  • Investor
  • Danvers, MA
  • Posts 32
  • Votes 6
I am sure this has been brought up before. I am closing on my first property soon and I have the option of taking a half a percent increase. Which would put me at 4.25% in an FHA loan allowing me about 7500 for closing, which is just about what they are estimating I would need. I will be able to refinance out of the loan into a conventional by the end of the year if I choose to. Getting rid of the PMI. Any guidance on how to evaluate my options? Thanks a bunch, Matt
0 Votes