Thursday, July 31, 2014

Should I convert my mortgage to conventional from FHA to drop PMI?

Should I convert my mortgage to conventional from FHA to drop PMI?
Added (1). Original loan balance 140400
current balance 92000
interest rate 3.0%
15 year FHA
PMI of $67/month which I cant cancel until I have 5 years good payment history
Loan closed 8/4/12
I currently pay $1000 extra on principal each month and plan to pay off by 2019

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