h*****1
发帖数: 29 | 1 Bank give me a FHA and said I can only put 3.5% down payment. But there is a
montage insurance, which is high, and she said I can not concel this
insurance in 5 years even though I paid principle up to 20%. Is there any
other loan options that I can get the insurance cancel when I reach 20%?
Thanks |
l*****o
发帖数: 26631 | 2 怎么会只能放3.5%的down payment呢？？？
a
【在 h*****1 的大作中提到】
: Bank give me a FHA and said I can only put 3.5% down payment. But there is a
: montage insurance, which is high, and she said I can not concel this
: insurance in 5 years even though I paid principle up to 20%. Is there any
: other loan options that I can get the insurance cancel when I reach 20%?
: Thanks
|
b*d
发帖数: 9308 | 3 如果你付到20%，就可以Refinance到Conforming Loan，那样就不会有Mortgage
Insurance了。只需要确认一点，你的FHA Loan是没有Prepayment Penalty的.
a
【在 h*****1 的大作中提到】
: Bank give me a FHA and said I can only put 3.5% down payment. But there is a
: montage insurance, which is high, and she said I can not concel this
: insurance in 5 years even though I paid principle up to 20%. Is there any
: other loan options that I can get the insurance cancel when I reach 20%?
: Thanks
|
h*****1
发帖数: 29 | 4 IS there any other kind of loan except FHA that I can get below 20% down
payment and I can cancel the montage insurance right after i reach 20%?
Thanks, Gao Shou |
b*d
发帖数: 9308 | 5 你有没有15%的Downpayment?
【在 h*****1 的大作中提到】
: IS there any other kind of loan except FHA that I can get below 20% down
: payment and I can cancel the montage insurance right after i reach 20%?
: Thanks, Gao Shou
|
h*****1
发帖数: 29 | 6 I may or may not, depends on what the price of the house I get finally.
sorry, just get into this market. |
p*l
发帖数: 1359 | 7 you can do 10% down conventional loan. When you think you are reaching 20%
equity, ask the bank do an appraisal, then you can get rid of PMI. Or you
can refinance. |
s*******y
发帖数: 851 | 8 You can do second loan instead of loan insurance if you can put at least 10%
down. Second loan is same as 1st loan, but usually come with a prepay
paneltiy in 2 or 3 years. It's hard to get second loan though. Look at your
local credit unions. They are more willing to give your better option than
those bigger national banks.
【在 p*l 的大作中提到】
: you can do 10% down conventional loan. When you think you are reaching 20%
: equity, ask the bank do an appraisal, then you can get rid of PMI. Or you
: can refinance.
|
