First home loan, FHA
All payments have been made on time for over 5 years, prop is worth $ 220k, I owe $ 117k
Mortgage company says that with an FHA loan I must carry PMI “until they notify you that you don’t”. My main question is: Does that ever happen? Has anyone ever been notified of this? Or is this just something they are scripted to say?
asked: I am curious….how did your value go up close to $ 103,000 in 5 years, especially in the current economy?
It didn’t, I did not disclose the purchase price.