What Happens When You Refinance From FHA to Conventional
Josh Lewis, CMC
Turning home ownership dreams into reality through optimized mortgage solutions.
Today's question comes from Shatteria Taylor. She asks, “I’m interested in refinancing; I currently have an FHA loan (current interest rate of 3.2%) but considering maybe a conventional loan. Will I have to still put that 20% down in a refinance?" The loan-to-value on your refinance will be determined by your appraised value.
Learn more here: https://buywisemortgage.com/blog/what-happens-when-you-refinance-from-fha-to-conventional/