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Raymond Said:

Refinancing a FHA loan to Conventional loan?

We Answered:

Depends on your loan agreement.. My FHA loan agreement has no penalties for early payoff as well as no restrictions to refi..
Not sure about your insurance being refunded, but I doubt it.

Correction: 1 year till I can refi on my loan agreement.

Roland Said:

Mortgage Insurance......Am I paying twice?

We Answered:

My guess is that the insurance that's listed on the bill from the bank is the PMI, not your homeowners insurance. (PMI is the bank's insurance that you would have to pay if you do not put a full 20% down). Now, since you were not supposed pay your regular insurance for awhile, you may wnat to call up the phone # listed on that seperate bill & talk to them about that.

George Said:

private mortgage insurance?

We Answered:

If it's rolled into the loan you are going to being paying interest on that money for 30 years. So...if you have the funds, pay it up front.