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How badly did I mess up refi FHA loan

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john398
Senior Contributor

How badly did I mess up refi FHA loan

Original Loan was 5.5% in April 2009 I did a streamline Refin in January this year for 4.375% however I know FHA mortgage insuurance would of dropped if I waited til June 11

So I am curious how much more am I paying

Loan is about 162k

Message 1 of 4
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webhopper
Moderator Emeritus

Re: How badly did I mess up refi FHA loan


@john398 wrote:

Original Loan was 5.5% in April 2009 I did a streamline Refin in January this year for 4.375% however I know FHA mortgage insuurance would of dropped if I waited til June 11

So I am curious how much more am I paying

Loan is about 162k


Thats a pretty high rate, who did you go with?  NVM......  I see it says January

FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 2 of 4
john398
Senior Contributor

Re: How badly did I mess up refi FHA loan

Yes I closed on my loan Jan 27, 2012...I guess I should of waited but I guess you never know

 

Message 3 of 4
webhopper
Moderator Emeritus

Re: How badly did I mess up refi FHA loan

don't feel bad I closed on a loan in January 2012 and the rate was like 3.875 for a 20 yr conventional.

FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 4 of 4
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