Refi with a cashout for FHa 70% LTV and get rid of pmi?

All FHA loans have mortgage insurance REGARDLESS of your loan-to-value. Look into a standard conventional loan, which will allow you to cash out up to 80% of today's value and still have NO mortgage insurance. Lending in WI, MN, and SD - visit www.MortgagesUnlimited.biz

yes, it should be possible to do refi to a conventional loan and get rid of the PMI - depending on the details of what the home appraises for and how much the loan will be. Right up the road from you (Jacksonboro?) in N. Charleston, I can help: pdumouchel@primelending.com or 843-619-6025 http://pdumouchel.primelending.com **PrimeLending was #4 purchase mortgage lender in the US in 2012 and 2013 as determined by MarketTrac(c) for Jan-Dec 2012 & 2013

Yes, you can do a cash out loan on a conventional loan up to possibly 85% of the current value. 695 is ok but score does affect the interest rate, as does asking for cash out. Whether it makes sense to do the loan partly depends on your current rate and the FHA PMI cost. You can call me at 843-343-6383 (cell) if you'd like to discuss. I'm in the office for another 30 min or so or call me later this evening or in the AM.

You can go to 85% today. But over 80% gets a high rate and PMI.As a side note. 85% cash out is going away with applications dated after December 13, 2014. After thatn the maximum cash out will be limited to 80% on conventional loans.

Yes you could do a conventional cash out loan up 80% of the appraised value any loan to value over 80% will require mortgage insurance. Let us know if we can help. 864-438-4550 Local in SC since 1997