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FHA Streamline, 3.5% Wells

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wenbev
New Contributor

Re: FHA Streamline, 3.5% Wells

lucky 2009s! I closed 5/2010 so I was paying $62 for MIP; now its $135 it sucks but I'm still saving $165/month and with paying extra on the principal I'll still pay the mort off faster and get closer to 20% of the loan costs for that MIP to automatically drop off - no need to get a reappraisal thanks to the streamline refi.

$400 is a lot of xtra loot! Congrats again!

Message 11 of 13
demi
Established Contributor

Re: FHA Streamline, 3.5% Wells

Just signed, getting 110.00 back in cash, about 700 extra will go to my Escrow, on top of funding it already...so, no out of pocket.


Starting Score: EQ 679, TU 697
Current Score: EQ 680, TU 672
Goal Score: EQ 720, TU 720


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Message 12 of 13
wenbev
New Contributor

Re: FHA Streamline, 3.5% Wells


@demi wrote:

Just signed, getting 110.00 back in cash, about 700 extra will go to my Escrow, on top of funding it already...so, no out of pocket.


awesome demi congrats!

Message 13 of 13
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