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Can I drop my HUD insurance on an FHA loan after a certian period of time?

Written By: admin on October 7, 2009 No Comment

My wife and I bought a home in 9/2008. I remember our mortgage person telling us that after we pay a certian percentage of our loan we can drop our HUD insurance? I can’t remember what she exactly said. So I’m wondering if anyone knows what it is that we can drop and how much of the loan needs to be paid? Thanks!


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