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Reply to "Refi to drop mortgage insurance?"
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[quote=Anonymous][quote=Anonymous]Wow, this is timely. I was just sent an alert to review my escrow statement. As I was reviewing my account, (not statement), I noticed my FHA will expire August 1. We purchased in 2015, and re-fied in 2016 in hopes of eliminating PMI, but no such luck. My wife's spending and credit are a shit-show. Here's hoping we can drop it. Our purchase price was $710, and we owe $555, so we're actually at having 22% equity/78% owing. I've had nothing but bad luck in 2018, so it probably always shows that it's expiring for some technical reason, I've never looked closely. [/quote] Has your home’s value gone up? The purchase price at this point is irrelevant. [/quote]
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