Refinance Conv to FHA w/ cash out

K

Kndhamlin

Guest
In the process of refinancing conv loan for FHA with cashout to pay off debt. Debt to income is high. Credit card debt up and credit score is dropping. Currently at 669. New loan will have mortgage insurance. I know rules keep changing so how long do we have to pay? Life of loan, 11 yrs, etc??
 

Jzone

LoanSafe Member
Jun 20, 2017
178
24
18
69

Erik Sandstrom

Mortgage Expert - Call 1-619-379-8999
Staff member
Loan Safe Mortgage
Jan 14, 2011
2,072
163
63
San Diego, California
www.loansreduced.com
Hi There,
Below is a Mortgage Insurance Cancellation chart that should be helpful. If you have any other questions feel free to ask.
133