👇🏼 If you put down 🔟 PERCENT on an FHA loan you can have PMI (Mortgage Insurance) for the first 🔟 years and then get rid of it. BUT - Something you would want to do is to refinance OUT of the FHA loan when you build up more equity in the home & are in a better financial situation 📈 The FHA loan is to get into the house. A conventional loan is for when you have settled in and are financially stable. 🤝 Learn more about FHA loans in this upcoming episode of The Real Estate and Chill podcast on our YouTube channel THIS SUNDAY (4/16/23) 📲 If you have any questions about anything Real Estate related reach out to us - we are happy to help answer any questions‼️ #realestate #realtor #loanofficer #buying #selling #realestateandchill #realestateandchillpodcast #realestatepodcast