Thread: FHA Mortgage
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Old 11-15-2006, 07:45 PM
genmed genmed is offline
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Default Re: FHA Mortgage
Unless there are changes (from 2 years ago) FHA Mortgages do require PMI (FHA Mortgage Insurance) until you have 20% equity in the home. If you have 20% equity and have paid all your payments as agreed you can drop the PMI. If you have 20% equity (because of the refinance) you may not have to pay the PMI.
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