Home Loans California - Arizona - Utah

How can I remove my FHA Monthly Mortgage Insurance on my current home loan in Rancho Cucamonga?

July 27th, 2014 12:09 PM by Nathan Rufty

We have seen an extraordinary equity growth in home values in certain areas of California. With the increase in home values you may have enough equity to remove your FHA mortgage insurance and start saving that payment to pay off debt.

Remove my FHA Mortgage InsuranceNow is the time to explore your options to remove the mortgage insurance with refinance Conventional 30, 20 or 15 year fix home loan program. By removing your mortgage insurance payment, you may be able to keep the payment the same by reducing the term of the loan and pay your home off early. Some of the benefits to refinance into a Conventional loan with no mortgage insurance.
  • No monthly mortgage insurance
  • May be able to skip 2 months worth of mortgage payments
  • Free up the FHA loan to use later on another owner occupied purchase
  • We will credit back the appraisal fee once you close on the refinance loan
  • Pull cash out to various reasons such as: pay off credit card debt, home improvement, purchase an investment property, pay for college, reinvest into your retirement plan, open a business and the list could go on and on
  • Closing cost are financed in the loan amount
  • Shorten the term of the loan or lengthen the term
  • Adjustable loan to a fix rate loan

Now is the time to explore your options with a refinance before the interest rates increase or the values of the homes in your Rancho Cucamonga neighborhood is no longer there. It does not cost anything to look into this or speak with me about what we can do for you. The best thing that will come out it is, you will know what it will take to refinance out of the FHA home loan and remove the mortgage insurance.

The FHA loan was there for you to purchase the home, but now is the time to say good bye to that program and look at other options that do not have mortgage insurance. I am up for it as long as you are.  I welcome the opportunity to speak with you on how we can start saving you on your FHA mortgage insurance, call me directly at 909-503-5600 or go HERE to complete a short inquiry form to contact. I look forward in hearing from you.
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Posted by Nathan Rufty on July 27th, 2014 12:09 PM



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