It’s not just about rates — it’s about smarter mortgage strategy.

Already own a home with an FHA, VA, or USDA loan?
Or maybe you have a conventional mortgage with PMI and you’re wondering if you can finally drop it?

👉 Refinancing into a new conventional loan could be the smartest move — even in a higher-rate market.

Let’s explore why, when, and how to make the switch — and what a refinance into a conventional loan can do for your monthly budget, equity, and long-term savings.

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🔄 Why Refinance Into a Conventional Loan?

Refinancing to a conventional loan can help you:

✅ 1. Remove Mortgage Insurance

If you’re currently paying:

• FHA mortgage insurance (MIP)
• PMI on a conventional loan with <20% equity

You may now qualify to remove that extra monthly cost.

📘 FHA mortgage insurance is permanent (unless you put 10% down and wait 11 years). But with conventional, it can go away.

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✅ 2. Leverage Increased Home Equity

Home values have surged in recent years. If you now have 20%+ equity, you may be eligible to:

• Refinance out of an FHA or VA loan
• Eliminate PMI or MIP
• Reduce your monthly payment — even if the rate is slightly higher

🧠 It’s about the full financial picture — not just the rate.

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✅ 3. Shorten Your Loan Term

Switch from a 30-year loan to a 15- or 20-year term to:

• Pay off your home faster
• Save tens of thousands in interest
• Build equity more quickly

We’ll run amortization schedules so you can see the true cost difference.

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✅ 4. Convert From Adjustable to Fixed

If you’re in an ARM (adjustable-rate mortgage), switching to a conventional fixed-rate loan gives you:

• Predictable monthly payments
• Protection from future rate increases
• Long-term stability

🔐 Great for peace of mind in a rising-rate environment.

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🧾 Who Should Consider It?

You may benefit from a conventional refinance if:

• You have 620+ credit
• You have at least 10–20% equity
• You’re in an FHA, VA, USDA, or older high-rate loan
• You’re paying monthly mortgage insurance

We’ll help you evaluate whether the savings justify the switch — and show you all options clearly.

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📉 Example Scenario

Original loan: FHA, 3.5% down, $1,850/month incl. MIP
Current value: +25% since purchase
Refinance to: Conventional loan, same rate
New payment: ~$1,625/month (no MI)
Savings: ~$225/month = $2,700/year

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🏢 Why PRMI?

We’re a direct lender — which means:

• We handle your refinance in-house from start to finish
• We’ll show you if it makes sense — and how much you’d actually save
• We’ll compare FHA, conventional, and non-QM options side by side

This isn’t about selling you on a loan. It’s about helping you own smarter.

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👇 Want to Know If a Refinance Makes Sense?

Let’s review your current loan, home value, and financial goals — and help you make a confident decision.