Tuesday, August 12, 2014

Can I finance a second house through an FHA loan if I get rid of PMI insurance on the first?

Or would I have to refi the first completely? My intention is for my second house to be my primary residence and rent out the first. My question is, if I am able to remove the PMI insurance by working with the bank that currently owns the mortgage, would I then be able to finance the second through an FHA or would I need to completely refinance the first?

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