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PSA--Those with FHA loans (NTTCR)

edinger3edinger3 member
in TTC After a Loss

Anyone with an FHA loan may want to look into refinancing.  President Obama is allowing homeowners with FHA loans (before 2009/2010?) to refinance with no closng costs or home appraisal.  I called my mortgage broker.  She said to wait until after June 17th to refinance b/c the mortgage insurance is super high right now.  It will drop after June 17th.

Have a great day!

BFP#1: 10/29/11 EDD: 7/14/12 MMC: 12/28/11 BFP#2: 5/17/12 EDD: 1/27/13 Trevor was born on 1/21/13! Baby Birthday Ticker Ticker photo 8e4774ee-d2a4-4dd5-9180-492d059e568e_zpsb44e90d8.jpg
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Re: PSA--Those with FHA loans (NTTCR)

  • mom22labsmom22labs member
    Oh wow!  Thanks for the info.  I will definitley be looking into this.  (And I hate paying that stupid mortgage insurance every month Crying)
    BFP #1 10/05/10 (EDD 6/10/11) , natural m/c 11/24/10 BFP #2 1/20/12 (EDD 9/20/12) , natural m/c 3/3/12 BFP #3 10/09/12 (EDD 6/20/12), hoping third times a charm
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  • edinger3edinger3 member

    imagemom22labs:
    Oh wow!  Thanks for the info.  I will definitley be looking into this.  (And I hate paying that stupid mortgage insurance every month Crying)

    I hate paying that insurance too!  We have about 2 more years of it before it comes off.

    BFP#1: 10/29/11 EDD: 7/14/12 MMC: 12/28/11 BFP#2: 5/17/12 EDD: 1/27/13 Trevor was born on 1/21/13! Baby Birthday Ticker Ticker photo 8e4774ee-d2a4-4dd5-9180-492d059e568e_zpsb44e90d8.jpg
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  • ella.mabelella.mabel member
    Do you know if this is for a refinance into another FHA loan? Or does this allow you to refinance into a convential loan? 
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  • edinger3edinger3 member

    imageella.mabel:
    Do you know if this is for a refinance into another FHA loan? Or does this allow you to refinance into a convential loan? 

    I'm not sure, but I'd guess it's to refi into another FHA loan.

    BFP#1: 10/29/11 EDD: 7/14/12 MMC: 12/28/11 BFP#2: 5/17/12 EDD: 1/27/13 Trevor was born on 1/21/13! Baby Birthday Ticker Ticker photo 8e4774ee-d2a4-4dd5-9180-492d059e568e_zpsb44e90d8.jpg
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  • ella.mabelella.mabel member
    imageedinger3:

    imageella.mabel:
    Do you know if this is for a refinance into another FHA loan? Or does this allow you to refinance into a convential loan? 

    I'm not sure, but I'd guess it's to refi into another FHA loan.

    Thanks so much for sharing the info.  Much appreciated!

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  • twotexanstwotexans member
    We've already re-financed once.  We did it about 6 months after we bought the house, because rates took a nose dive.  We may have to run the numbers again to see what it looks like.

    TTC started Oct '10
    Me: AMA w/RSD, atypical PCOS w/IR, LPD and High Prolactin. Controlled HP post-loss.
    DH: Low-T and borderline morph
    18 cycles, 3 medicated w/RE to get to a BFP!
    EDD 9/7/12, Saw HB @7w3d,missed m/c 1/30 @8w3d, d&c 2/8
    11 AL cycles, 9 medicated/IUI cycles. All BFFN!
    Moving forward with IVF
    BFP#2 our little cycle break surprise on AL cycle 12! EDD 10/27/13
    Beta #1: 41 Beta #2: 398; perfect u/s 3/11 hb @133bpm
    u/s 3/25 one perfect hb @183 bpm, adjusted EDD 10/23/13
    MaterniT21 and carrier screens normal. It's a girl!!!
    Severe Pre-E, HFpEF, PE, AMA & IF= OAD

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    All IF/AL Welcome!
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  • ahbEsqahbEsq member

    imageella.mabel:
    Do you know if this is for a refinance into another FHA loan? Or does this allow you to refinance into a convential loan? 

    I think what OP is referring to is an FHA streamline re-finance where it is still an FHA loan, but you lock in a lower rate.  It's great for people (like me) who owe more on their home than it is worth and wouldn't qualify for a conventional loan refinance for that reason.  I'm trying to get mine done too. 


    BFP #1 natural mc 4/24/2012 5w1d 
    BFP #2 DS born 3/30/2013 
    BFP #3 cp 2/6/2014 
    BFP #4 natural mc 3/19/2014 5w6d 
    BFP #5 4/27/2014 EDD 12/24/2014 --IT'S A GIRL!

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