$400 a month in PMI??? WOW, that's horrible.We live in an outrageous COL area (Orange County, Ca) and pay about 30% of our income towards our mortgage. We still pay a PMI though and it will be off in another year decreasing our mortgage payment by over $400 a month. Can't come soon enough!
We live in an outrageous COL area (Orange County, Ca) and pay about 30% of our income towards our mortgage. We still pay a PMI though and it will be off in another year decreasing our mortgage payment by over $400 a month. Can't come soon enough!
$400 a month in PMI??? WOW, that's horrible.
Yipes! Our PMI was just over $160 per month.We live in an outrageous COL area (Orange County, Ca) and pay about 30% of our income towards our mortgage. We still pay a PMI though and it will be off in another year decreasing our mortgage payment by over $400 a month. Can't come soon enough!
Yeah we refied to get rid of PMI. The interest rate was only 0.125% lower than what we originally due to interest rate levels at that time which weren't all that much different than when we closed on our home but we still saved thousands over our loan term. Luckily we were able to get rid of PMI about 2 1/2 years into our 30-year loan due to equity in the house (with the currently housing market).Tell me about it We have about 40% equity in our home but it's never made sense to refinance because our interest rate is SO low (3.25).