Thread: FHA Loan
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Old 07-23-2013 | 07:40 PM
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Milk Man
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Default FHA Loan

Question about PMI on a FHA loan, I have an FHA loan that carries the Mortgage Insurance monthly. Ive had the house for little over 2 years. My understanding is the PMI goes away when the loan has 78% left to pay off, or 5 years has passed. I've read you may be able to call lender and ask if they will remove the PMI. Has anyone done this?

Thanks
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