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Home Mortgage Tips & Insights

Articles to help you purchase or refinance your home

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Refinance an FHA loan to a conventional loan

 

When you want to refinance your FHA loan, you may be able to choose between two loan types. You can refinance your current FHA loan with a new FHA loan. However, you may be able to refinance your current FHA loan with a new conventional loan too.

Both choices can help you lower your interest rate and monthly payments. However, refinancing an FHA loan with a conventional loan may offer you significant savings on your mortgage insurance costs when you have enough home equity.

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