Video Transcript:
Your FHA loan got you into your Miami home, but it has a permanent catch. That monthly insurance payment you make is designed to never go away. I’m David Ghazaryan, and I structure the new loan that removes this fee. I analyze your home's value and the numbers to build your path out. The main rule is having twenty percent of your home's value paid off. With Miami home prices rising, many people now have more than enough. (Data may vary over time) We calculate when the new loan pays for itself by dividing its total cost. By the monthly savings you get from dropping that old insurance payment. If the home value comes in too low, the system temporarily stops everything. This isn't a dead end, but a signal to simply wait and try again. The full analysis from today’s video is detailed in the related article. Find it with my social platforms using the links directly in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/refinance-fha-to-conventional-loan-in-miami-florida-guide
