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Fha Insurance Premium

Regina Said:

why am I not being refunded my morgage insurance premium of 1900.00 when I pay off my FHA loan?

We Answered:

You should be. On your mortgage payoff papers, there should be a pro rata return of the PMI.

You'll need to ask to have that calculated. Normally, it's considered part of the escrow calculations, and with your mortgage paid off, you're entitled to a final accounting of that escrow account.

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