How to cancel your FHA mortgage insurance

how-to-cancel-your-fha-mortgage-insurance-premiums - florida realty marketplace

In 20012 the FHA made the mortgage insurance on their loans temporary, it would cancel out when the borrower reached 22% equity.  In July of 2013 they changed that rule and made mortgage insurance permanent for any borrower who put less than 10% down on their purchase.  That means borrowers who put the minimum 3.5%… [Read More]