Hello Everyone,
I have not posted here in a while, and wanted to see if you can provide some input.
Currently.
3.75% for an FHA 30 fixed with $290 a/month MIP
remaining balance about $285k
House worth about $350K
Refinance estimations
4.125% APR on a conventional, NO MIP
Refi Loan either for the balance, or with a $15k cashout
will this be worth it?
I have not applied yet, but my goal is to remove my MIP, and save those $290 a month on my monthly payment.
and wondering is also getting the cashout is a good option..
please advise,
thanks..