tag:blogger.com,1999:blog-5409437835427293169.post2799879475046813652..comments2023-11-01T23:47:40.024-07:00Comments on South County Girl: February Re-Cap + March BudgetSouth County Girlhttp://www.blogger.com/profile/07347142273473958671noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5409437835427293169.post-9334710035710649242013-03-05T04:43:44.641-08:002013-03-05T04:43:44.641-08:00We can toss our MIP and refinance when we have 20%...We can toss our MIP and refinance when we have 20% loan to value because we would do an FHA Streamline and then not need to pay any MIP because we would have enough equity to do without it...<br /><br />then we save money by refinancing and getting a lower rate since right now all the monthly MIP fees wipe out our savings because they doubled the monthly rates since we got our mortgage.<br /><br />We bought our condo for 120k, so when our balance gets to $96k we can refinance and ditch the MIP!South County Girlhttps://www.blogger.com/profile/07347142273473958671noreply@blogger.comtag:blogger.com,1999:blog-5409437835427293169.post-27323713749920019012013-03-04T20:06:15.323-08:002013-03-04T20:06:15.323-08:00I think that you both fully deserve to freely spen...I think that you both fully deserve to freely spend any extra money in your budget. How do you know exactly what you need your mortgage balance to be to lose PMI? Is that with your current mortgage or will you refinance?Nd.chichttps://www.blogger.com/profile/09918828872616125907noreply@blogger.com