Posted on 01/11/2017 3:17:33 PM PST by Lorianne
Stinker Øbama just left a f@rt bubble....
Stupid sensationalist headline.
FHA premiums have gone up and gone down over the last 10 years. FHA borrowers are not “subprime borrowers”.
A “subprime” borrower wont qualify for FHA financing.
I’m in the business; hate misinformation about the topic.
They still wont pay the mortgage...
its not the amount its priorities and a principled mind and lifestyle
cyclotic wrote: “We bought another, mush smaller and more expensive house (cost of living higher) and because we had lost nearly all of our equity, could only plunk down 10%. 7 years later, we still haven’t missed a payment and home values are somewhat flat, so we haven’t hit the magic 20% equity number yet to refinance and cancel PMI.”
Just a suggestion but there are ways to get around the 20%. Suggest you read the government regulations on PMI. We made some significant improvements which increased the value of the house sufficiently to get the PMI removed. Had to get a new appraisal but it was worth it.
Agreed. It should at least be made optional. Like life insurance.
This is just another spike strip thrown in front of the Trump machine as it rolls towards the White House. But it won’t work!
This once again exposes what a bed wetting AH Obamba and his supporters are.
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