The Gist
FHA Smart Refi
Cut Through MIP Confusion in 10 Minutes
Decode upfront vs. annual MIP, streamline refi eligibility, and model whether FHA-to-conventional makes sense at your LTV.
5 Blinks~12 minutesFree
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Blink 01 · 2 min
FHA MIP: The Cost Nobody Explains Upfront
Upfront vs. annual — and why it matters more than your rate
“FHA mortgage insurance premium (MIP) comes in two flavors: a 1.75% upfront fee financed into your loan and an annual premium of 0.55% split across monthly payments. Together, they can exceed the impact of your interest rate.”
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Blink 02 · 3 min
FHA Streamline: The Path of Least Resistance
Rate reduction without the paperwork mountain
“The FHA Streamline Refinance mirrors the VA IRRRL in simplicity — no appraisal, limited documentation, and a clear Net Tangible Benefit requirement. If you already have an FHA loan, this is the fastest way to a lower rate.”
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Blink 03 · 3 min
The FHA-to-Conventional Escape
When leaving FHA saves you six figures
“Once you've built 20% equity, refinancing from FHA to a conventional loan eliminates MIP permanently. For most FHA borrowers, this single move saves $50,000-$100,000 over the remaining loan term.”
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E
EARL · Mortgage Butler
Ready to turn these insights into your actual numbers
Educational content only. Not financial advice. Rates and figures are illustrative.
IRRRL1 NMLS #2560253 · Equal Housing Lender