Tuesday, October 6, 2015

Real estate. How long before I can refinance my home?

Just bought with an FHA loan from Wells Fargo at 3.85%.
Stuck with am PMI of $360 per month.
Can I re finance with another lender right away and get rid of the PMI.
I can either get a more expensive loan as long as it makes sense to get rid of the PMI.
2ndly, If in few months I put down abt $20 K more towards the loan amount can that get rid of the PMI?

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