Can any one clarify why PMI Funding Fee? is it required even though there is a 9 monthly PMI fee? the mortgage is for a refi of 1K cash out. 95% LTV. This is in addition of closing costs of 91. The total refinancing will cost $ 9496.74.
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Depending on what the appraisal comes back at, I might be really close to owing as much as it's worth. Can an FHA mortgage be used for this?
I'm looking for more information on how FHA loans work. Can I use FHA to refinance? If so, are there any limits on how much I can borrow [...]
I’m thinking of doing FHA cash out refinance for my home. My current loan is an ARM and wants to change it to a 30-fixed. Can anyone that is a loan specialist or an underwriter or anyone that has any knowledge about loans tell me if my situation has a possibility that it could be [...]
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