| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
Any advice on what to include in a letter to my mortgage
holder (primary residence) to drop the FHA insurance premium?
I called them today and asked what the requirements were.
The rep. says that each mortgage is treated individually
and until they receive my letter they cannot tell me what
I have to satisfy? I have had this mortgage with the same
bank for over five years, choice neighborhood where homes
sell within weeks even in bad times, paid on time and the
value of my house is well over what I owe to the bank.
Thanks in advance!
Dan
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 954.1 | 2155::michaud | Jeff Michaud - ObjectBroker | Thu Dec 28 1995 01:44 | 13 | |
> Any advice on what to include in a letter to my mortgage > holder (primary residence) to drop the FHA insurance premium? Is this the same as PMI on a conventional morgage? If so you may want to check out the following topics in the Real_Estate conference: 135 HEFTY::GUSICJ 5-MAR-1987 1 PMI...when does it stop?? 719 MEMV01::PROVENCAL 1-MAR-1988 54 Private Mortgage Insurance (PMI) Maybe you should just re-finance. If you've built up enough equity to get rid of morgage insurance, then you should certainly qualify for refinancing, and rates are LOW .... | |||||