Hello, Looking to refinance my 5 year FHA loan (It's currently rented out) to a conventional loan so that I can qualify for an FHA loan again… My interest rate was 5% in 2009 then refinaced in 2013 to 3.75% and I've been approved for a conventional loan of 4.99% with closing cost included. So I can purchase FHA again this year with a low down payment. Since I'll no longer be paying a PMI my mortgage payment should stay around the same. Good Idea?
Read more: FHA Refinance to Conventional? Yay or Nay?
