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Updated over 7 years ago on . Most recent reply

User Stats

12
Posts
3
Votes
Sergio Moreno
  • Rental Property Investor
  • El Paso, TX
3
Votes |
12
Posts

Refinance to a conventional loan

Sergio Moreno
  • Rental Property Investor
  • El Paso, TX
Posted
I bought my home about 60 days ago a 250k FHA loan at 5.0 interest rate but didn't like that i have to pay 171 dlls every month for mortgage insurance. I'm planning on refinancing to a conventional loan. Do you think this is a good idea? Are there any hidden charges besides the closing cost that im not anticipating.

Most Popular Reply

User Stats

12
Posts
3
Votes
Sergio Moreno
  • Rental Property Investor
  • El Paso, TX
3
Votes |
12
Posts
Sergio Moreno
  • Rental Property Investor
  • El Paso, TX
Replied
I'm planning on turning my third car garage into a room but other than that it will be at the same value.

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