What is the FHA MIP rate for 2021?
What is the FHA MIP rate for 2021?
Upfront Mortgage Insurance Premium (UFMIP) = 1.75% of the loan amount for current FHA loans and refinances. Annual Mortgage Insurance Premium (MIP) = 0.85% of the loan amount for most FHA loans and refinances. Feb 4, 2022
Should I pay off PMI early?
Eliminating your PMI will reduce your monthly payments, giving you an immediate return on your investment. Homeowners can then apply the extra savings back towards the principal of the mortgage loan, ultimately paying off their mortgage even faster.
Can I get my house revalued?
The beginning of a new financial year is a good time to get a revaluation done on your properties. If you haven’t had a valuation done for a while, you may find the increase in the value of your property has created enough equity for a deposit on another property. Feb 7, 2020
