2023 FHA Loan Bridge Strategy

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— DISCLAIMER —
Kyle Andrew Seagraves is Federal Mortgage Loan Originator (NMLS 1701021) licensed in all 50 states with the Dan Frio Team at Allied First Bank (NMLS 203463), an Equal Housing Lender. Separately, Kyle owns Win The House You Love LLC, an education company. Win The House You Love LLC is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This video is only for educational usage. All calculations should be verified independently. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. Allied First Bank is not affiliated with the VA, FHA, or any other government agency. This video has not been approved by any government agency.

[bemytien]

we had very good credit but we didn't hv enough for down payment of 10-20%, we settled for 2.5% interest with FHA and 5% down payment in 2020. Now interest is sky high, we afraid of refinance of paying more, how do we calculate for lower payment, paying less in interest and PMI?

[sheraewing]

I'm with Tien Be. I did the same to get my house but am scared to refinance because of interest rates. It wouldn't make sense to refinance now would it?