I have a 2 bedroom Condo in Staten Island, NY, I purchased the condo for $300, with 10% down after closing costs I was left with a Mortgage of $278, the property was appraised for $315,000 when we went into contract. byt sellers were in a rush to move the property so I got it for slighlty less. I ahve an interest rate of 5.25% its FHA, I have seeen 30 year fixed rates advertised much lower. My principal and interest payment is like $1525 and my mortgage insurance is another $125 a month? I had a 680 fico at the time. Its up to over 700 currently the middle fico is 706. Did I get ripped of by the mortgage guy, should I refinance.Answer Question
Answer by UpSheRises at 4:12 PM on Mar. 31, 2011
Answer by Mel_in_PHX at 4:14 PM on Mar. 31, 2011
Answer by MaryMW at 4:17 PM on Mar. 31, 2011
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