PMI is a ripoff....AIG was supposed to help banks who had defaulted mortgage loans but instead it went bankrupt! Now the tax payer must save AIG so what good is PMI if the banks cannot insure the mortgage loan?
owe 52,000 house worth 205,000 and I still have to pay to this day. per guidelines of the federal housing Administration. FHA Mortgage Insurance is required on all loans originated under the FHA program until the account is paid in full. Once your account is paid in full, a partial refund can be requested from the Departmet of Housing and Urban development.
PMI is a ripoff....AIG was supposed to help banks who had defaulted mortgage loans but instead it went bankrupt! Now the tax payer must save AIG so what good is PMI if the banks cannot insure the mortgage loan?
jcravatt1 3 years ago
owe 52,000 house worth 205,000 and I still have to pay to this day. per guidelines of the federal housing Administration. FHA Mortgage Insurance is required on all loans originated under the FHA program until the account is paid in full. Once your account is paid in full, a partial refund can be requested from the Departmet of Housing and Urban development.
stoldgar 3 years ago
Very informative. Good sound advice.
markgard 4 years ago