02-16-2013 07:53 PM
02-17-2013 07:28 AM - edited 02-17-2013 07:44 AM
from my research and talking to others....I am not eligibale for FHA because of the value of the house and income level? They say if I put anything less than 20% I have to pay PMI or in FHAs case some extras which I do not want to do. Doing PMI on a FHA is a bad decission because you have to pay the PMI for a long time. Please note that I am in NY state.
02-17-2013 08:30 AM
02-17-2013 08:31 AM
02-17-2013 08:43 AM
For conventional without 20% down...you have to do PMI. When you own 22% of your home...PMI automatically removes. or when you get 20% you have to do written request to the bank.
02-17-2013 08:56 AM