Good Morning!
If you have an FHA loan that means your mortgage insurance is permanent. It will always be part of your payment.
The way property has appreciated in the past year - it's probably a good idea to see if you have 20% equity in your house.
If you feel you have a 20% equity position or better in your property it's not a bad idea to look into refinancing to a Conventional mortgage to get rid of the FHA MI.
As low as rates are right now I think there's also a good chance you could lower your overall rate.
If you would like us to check on this for you just shoot us an email or give us a call.
We’ll be happy to help you out!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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