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- Jul 29, 2012
I got 2 FHA loans <3% interest and Gonna be a minute until I can refi out of them cause interest rates might not get back down there for yearsThis is a good point that I didn't take into consideration when I posted earlier. I've been lucky enough to get 5% down payments (non FHA) on a couple of deals. I forget about those FHA restrictions.
For people locked in at lower rates with FHA removing PMI could be a pain point. It's definitely worth examining where your loan stands a d what you would save.