I would like to get rid of my PMI, I have paid almost 22% of my original loan value and now the bank is telling me that it can not be removed unless I pay $135 to have a broker come and appraise my home or I have to wait until the antipated date of …
I am 60. I have $200K in IRA. Just bought home 1 yr ago with minimum down on a 5% FHA loan. Value is $265K, balance is about the same. I’m paying ~$1650/mo including PMI/FHA insurance and property taxes at 1%. With interest rates now in the 4% range for 30 year fixed, 3.75% for …
Consolidating your debt with the equity in your home can be a terrific money-saving strategy. The interest rate may be much lower than you’re paying on your other bills and, if you itemize on your tax return, you can usually deduct the interest you pay – making the effective rate of the loan even more …