Is there a single Refinance Calculator on the web that takes into account MORTGAGE INSURANCE (PMI)? As in, I'm paying it NOW, and I WON'T BE PAYING IT after I refinance, so include that in my monthly savings, please....
I'd like to purchase a multi family place, live in one of the units, and put less than the conventional 25% as a down payment using an FHA mortgage.I know this would require an extra 0.85% on my interest rate as MIP, ...
I took around but couldn't find a conclusive answer. I'm thinking of asking for seller concessions to be applied to PMI/MIP. From what I've read that seems permissible. My question is how that concession is applied to...
I'm looking into possibly doing a house hack. While reading my book, the discussion about MIPs came up, and that there is a possibility that a good deal can be made bad due to high MIP fees when using a FHA loan. Wha...
I got into a debate with a loan officer from my mortgage company on the phone. He wants me to refinance my FHA loan with 3.5% interest and 148$ Mortgage insurance premium, To a conventional loan with the same but mayb...
Hi am a newbie at RI, taking my first action by visit a banker. any advice on what to ask? thinks to look out for? would be great, I’ve listened to some podcasts and reading the book on real estate investing which le...
My gf and I are in a situation where we have the option to choose between FHA or HomePossible. In either cases we would be putting 10% down and planning on refinancing out of mortgage insurance in about 2 years, after...
So here is a bit of my story to help explain my thinking. I received my master's degree in May, 2014. Along with that came student loan debt...awesome! I have a good job, but student loan payments really take up a ...
big question is the MPI that high that affects your mortage rate if you were looking to flip
FHA 203K program vs. Home Improvement Loan vs. Other?
$50K-$60K rehab costs for a duplex.
Need lowest cash in, and lowest monthly payments. Shortest timeline to make ready.
Which one do you recommend?