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Santa Clarita realtors present the FHA mortgage insurance is going to be here to stay after June 3rd, 2013.
This has been in the works for a while and will have you having to pay your MI until your home is refinanced or sold.
Having 20% equity for those that have not gotten an FHA case number before June 3rd, will not be able to remove the MI from the loan.
Have a look at our Main Santa Clarita real estate website. We are the Santa Clarita real estate team known as Paris911 dot com.