Good News!! - If your current mortgage has PMI (Private Mortgage Insurance) included in your monthly payment we have strategies that may eliminate that monthly burden:
- Refinancing where your property value has risen may enable the new loan to avoid PMI
- Utilizing a 2nd mortgage in combination with your new first mortgage (80/10/10) is another strategy to avoid PMI
- PMI rates have fallen in the past several years. When combined with more equity than when you purchased, the new PMI rates could reduce your PMI payment by as much as 70%
Everyone's situation is different. Please contact us for a tailored solution.