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@@MattTheMortgageGuy hey, thanks for the reply. I purchased in 2014 with a 4.5% rate than a yr later I did the streamline refinance at 3.75. Sucks that PMI is forever
Is it better to take FHA loan instead of Conventional loan with Excellent Credit score? Is there income eligibility for FHA loan or anyone can take it?
Generally speaking no. Have a good loan officer put them side by side for you. Depending on credit score, down payment you’ll be able to decide which one is better choice
Of course you would pretend this is a win for the people, you guys need the Buisness. How dare you act like you care about people. This is embarrassing. They need to get rid of MIP in general.
Conventional MI has gone down drastically in last 5 years. And the higher the credit the lower the MI. So great credit borrowers are rewarded with lower MI
What's the matter? Not enough business in your area? This is nothing but an ad. And a bad one at that. $25 on each $100,000 is negligible. It's not the opportunity of a lifetime you're trying to make it into.
Thanks for watching and the feedback. The $125/mo savings the average borrower in my market is getting means something to them. That’s all that matters to me. Cheers!
@@MattTheMortgageGuy Need to fix your description. It says $25 per $100,000. Also, an $800 per year savings is not $125 per month. And if you're thinking "He didn't watch the video", you're right. I didn't watch the video because I already have a house so I didn't need to watch a realty ad. I just clicked to see what kind of hustle you were trying. Your math is wrong and the savings are still not as great as you're trying to make it. People should still wait. The market has no choice but to come down further if they want to sell more houses.
📣 Connect with MTMG team NATIONWIDE! Start here: 👨💼 co.umortgage.com/3Uya1os
🤝Click here to CONNECT to a GREAT AGENT in your area: homeandmoney.com/matt/
Does this apply to only new borrowers?🤔
Correct, only on new loans and going forward
Hi, is this reduction only for new loans? I purchased my home in 2015 through FHA.
New loans only yes. Did you not refinance in 2020 or 2021?
@@MattTheMortgageGuy hey, thanks for the reply. I purchased in 2014 with a 4.5% rate than a yr later I did the streamline refinance at 3.75. Sucks that PMI is forever
@@ARTWV did you ask your lender if it drops off or if it is forever.
@@erichauser725 are you sure? All the research tells me it’s for the length of the loan now.
Hello! I’m pre-approved, but not approved yet, do I qualify?
Yeah, you’ll get the lower MI on any fha loan closing now or in future.
@@MattTheMortgageGuy awesome thank you!!
Does this include those who already have a FHA loan? That would be amazing!
Unfortunately no
Who is the obligor?
Will this help if I streamline refinance with FHA when rates come down a bit?
Yes
Is it better to take FHA loan instead of Conventional loan with Excellent Credit score? Is there income eligibility for FHA loan or anyone can take it?
You can apply FHA 😊😊
Generally speaking no. Have a good loan officer put them side by side for you. Depending on credit score, down payment you’ll be able to decide which one is better choice
Of course you would pretend this is a win for the people, you guys need the Buisness. How dare you act like you care about people. This is embarrassing. They need to get rid of MIP in general.
I agree ☝🏽
What about conventional, those are the people with good credit..they deserve a bone
Conventional MI has gone down drastically in last 5 years. And the higher the credit the lower the MI. So great credit borrowers are rewarded with lower MI
Thanks, I didn't know that. It's good to know
What's the matter? Not enough business in your area? This is nothing but an ad. And a bad one at that. $25 on each $100,000 is negligible. It's not the opportunity of a lifetime you're trying to make it into.
Thanks for watching and the feedback. The $125/mo savings the average borrower in my market is getting means something to them. That’s all that matters to me. Cheers!
@@MattTheMortgageGuy Need to fix your description. It says $25 per $100,000. Also, an $800 per year savings is not $125 per month. And if you're thinking "He didn't watch the video", you're right. I didn't watch the video because I already have a house so I didn't need to watch a realty ad. I just clicked to see what kind of hustle you were trying. Your math is wrong and the savings are still not as great as you're trying to make it. People should still wait. The market has no choice but to come down further if they want to sell more houses.
@@pugowner1347 - correct, you save roughly $25/mo for each $100k borrowed