when can i stop paying fha mortgage insurance


  1. – Under the Homeowner’s Protection Act of 1998, lenders are required to alert borrowers when they are eligible to stop paying for mortgage insurance. That’s one less item to keep track of. 3. Refinance Your Mortgage Insurance Away. Under the FHA MIP policy, the borrower must pay mortgage insurance for as long as the loan is in effect.

    When Does FHA PMI Stop?, NC Mortgage Experts – With the new FHA Streamline Refinance program – and the recent changes in the FHA PMI rates – we’ve had several people ask, "When Can I Cancel and Get Rid of FHA Mortgage Insurance Premium?" In other words, When Does FHA PMI Stop ? The good news is that unlike the usda loan program (that also saw recent changes to it’s PMI rates) you actually CAN "get rid of FHA PMI!"