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Registered
Join Date: Jul 2001
Location: Cave Creek, AZ USA
Posts: 44,704
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I'm in an FHA 30 yr. fixed in my current house. I so want to refi, but they've doubled the MIP since I closed on this loan and the new MIP rates apply to refi'ed FHA loans. So I could go down more than a rate point and still pay more because of the new MIP. Not worth it. If these rates last long enough for me to get into the equity position, we can refi to a 15 yr. loan, drop the MIP and our payments will be the same as we're paying now, because we pay extra every month.
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2022 BMW 530i
2021 MB GLA250
2020 BMW R1250GS
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