Hi,I have bought my SFH with FHA 3.5 down. Now my property got appreciated more than 15%. Can I request my lender to remove PMI without refinancing ?Bought on : 12/15/2021
Hi and Thanks in advance for any insight. If you have an FHA mortgage does it show up as that on your credit report? Owner occupancy is a requirement to tap into equity I have in my first rental property. But I curren...
Hi,I received this information from my lender today in regards to an FHA loan. "With 5% down on a 400k property you are looking at an upfront MI of $6,650 ( onetime fee for FHA), which can be included in loan amount a...
Hello BP fam! Here's my story. A couple of years ago, my Dad passed away and left me an inheritance. There is also a wrongful death lawsuit, in which I am starting to receive proceeds. I never expected myself to be in...
I was wondering what everyone’s thoughts were in regards to FHA mortgages. I hope to finance my first home with an FHA mortgage, but would like to acquire investment properties relatively shortly after moving into the...
I recently found out that if one were to put less than a 10% down payment on an FHA loan, you would have to pay mortgage insurance for the entire length of the loan. If you put down 10% or more, you will pay for mortg...
Hello BP Community! I'm based in Los Angeles and am looking to purchase my first investment property with about $50K allocated. After attending local BP events and REI clubs, it seems overwhelmingly apparent that inve...
Dear BP members,I found BP because I have been going crazy researching the internet--reading articles, watching videos, etc. I initially started researching more on real estate investing because I've been trying to fi...
Hello, All- I purchased a condo in my city for 134k after my 5% downpayment. Because of that I have PMI. I have been in my unit four 16 months now. In the last 16 months there have been multiple units selling in my b...