Jeff Brower
FHA to reduce annual MIP 1/4 %, CNBC article
Anyone have any thoughts on this? Will this decrease the effect of the projected rate increases in 2017 for FHA buyers? CNBC FHA MIP rate reduction link
Jermaine McIntosh
FHA Streamline
Hey all,I bought a property in 2013 through an FHA loan with Mortgage Insurance Premium (MIP). I just got news that the government is lowering the MIP rate which would knock down some of the monthly premium. The value...
Matt Porter
Are These 203k Loans Terms Fair???
Hey, everyone! Hope you're all doing well. I'm currently in the process of aquiring a $700,000 property that is need of around $150,000 in rehab. My 203k loan will be roughly $850,000. This would be my first real esta...
Nick Gray
Is an FHA Loan's MIP Tax Deductible?
I have a 4-unit MFR under contract and I am comparing financing options for down payments of 10% and below. Not surprisingly, banks are pitching me hard on the FHA loan, which would carry a 1.75% upfront MIP rolled in...
David Lao
FHA with 15% Down or Conventional with 25% Down?
I'm in contract to buying a 4-plex in Oakland for 1.1 M. I plan to owner-occupy one unit and rent out the other three. I wanted to take out an FHA loan while putting just 3.5% down, but due to FHA's self-sufficiency ...
John Smith
Down (3.5% v. 10%) PMI, Liquidity, Gains, Taxes, Projections
Have been reading forums & listening to podcast for over a year. Focused on cash flow & so on multi-families in part because of Bigger Pockets. Bought our 1st property last spring ($94,000 3-unit, using conven...
Kat Hughes
refi to drop MIP (but may have a higher interest rate) or not?
Hi! New to bigger pockets and would love some advice on refinancing or not...We bought a $640K Multi Family home in 2012 (north hollywood, Ca) with a 3.5% interest rate, FHA loan.We refinanced in 2015 and took out 10...
Kayla Grau
Calculating MIP
I'm using the rental property calculater here and I can't figure out if MIP is automatically accounted for when selecting the 3.5% down payment.I know MIP is charged both upfront , in the form of a one-time fee that i...
Kat Hughes
Refi to drop MIP (but possibly have higher interest rate) or not?
Hi! New to bigger pockets and would love some advice on refinancing or not...We bought a $640K Multi Family home in 2012 (north hollywood, Ca) with a 3.5% interest rate, FHA loan.We refinanced in 2015 and took out 10...
Craig S.
FHA PMI Insurance Rules Are Changing
Hello fellow investors,
I was just informed about some upcoming FHA regulation changes to the way PMI insurance is handled and assessed. Previously and currently, if you had a 30 year loan with a LTV greater than 78%...