Up front mortgage insurance on FHA loan?

Up front mortgage insurance financed into an FHA loan is being accrued over 84 months. The loan is refinanced in the same year and up front mortgage insurance is again financed into an FHA loan (same mortgage co.). The loan balance is higher. Can the remaining up front MIP from the first mortgage be accrued, or... show more Up front mortgage insurance financed into an FHA loan is being accrued over 84 months. The loan is refinanced in the same year and up front mortgage insurance is again financed into an FHA loan (same mortgage co.). The loan balance is higher. Can the remaining up front MIP from the first mortgage be accrued, or is it lost?
2 answers 2