How to Get Rid of PMI on an FHA Loan
CreditStrong for Business
SEPTEMBER 27, 2024
It protects them if you ever default. However, the outlook is brighter if you took out your loan between January 1, 2001, and June 3, 2013. Finally, if you received your mortgage on or after June 3, 2013, your MIP’s cancellation depends on your down payment. You have to pay it for the rest of the life of the loan.
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