Monday, February 11, 2013

FHA streamline refinance MI goes up. - Zillow Mortgage Advice

I have a 759K balance on an FHA mortgage closed in 7/2010 with an interest rate of 5.5%. House worth approximately 800K. Credit score 761. My broker said that the FHA refinance would increase my MI too much to make it worthwhile. He said he can get me into a 90% conv refinance if I can come up with 40K. Do I have any other options? I'm going through a divorce right now, so cash is tight. Couldn't cover real estate commission if sold house, so that's not an option.

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5 hours ago - Honolulu


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