+1 vote
FHA mtg.Closed  4/2013, minimum down payment, all payments made on time.  Want to remove my mortgage insurance. Property should appraise high enough to show equity greater than 20%. I don't think my balance has decreased to give me equity
greater than 20% from original purchase price.
asked May 9 in FHA Loans by Jeff

1 Answer

0 votes
I would contact your current mortgage provider. Do you have the funds to pay down your mortgage balance if the property does not appraise out? I would consult with a local realtor and get a market analysis on your property as well as some comps
answered May 10 by GustanCho (103,070 points)
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