Should we be able to carry a handgun in New Jersey? 1-800-283-1015 let me know what you think on @nj1015.
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8:04 PM · Dec 2, 2020
Yes, I'm sure. I was referencing 3.5% FHA loans. Private lenders will sometimes remove it after 78% LTV:
....."The annual MIP, on the other hand, is a recurring expense that has to be paid for the life of the loan in some cases.
Once upon a time, the annual mortgage insurance premium could be canceled when the borrower reached a loan-to-value (LTV) ratio of 78%. But that rule was changed in 2013, as mentioned above. Going forward, in 2014 and beyond, most FHA borrowers who put down less than 10% will have to pay the annual MIP for the life of the loan. It bears repeating: A down payment below 10% is what triggers this “lifetime” premium requirement (see table).
Nothing is absolute - at all - it is perspective and what and how you plan to execute.
Depending on what is happening I would be bugging 'in' - if you are out, and have a rally point - it would be good to pre-position etc. As I am sure you are aware etc.