Want to drop your private mortgage insurance (PMI) payments like a pair of cheap sunglasses? Don’t know where to start?
Look, when interest rates were moving lower and property values were moving higher, the headache of canceling PMI took a back seat. And why not? In that climate, homeowners typically just refinanced and both dropped PMI and got a lower rate.
But when interest rates move higher and home values flatten or even go lower, many owners strive to preserve their great mortgage rates and focus on getting rid of that extra monthly insurance payment through cancellation.
Whether borrower-requested, lender-required or value driven, let’s rock all the ways you can eliminate PMI!
SVP of Mortgage Lending
Marin Office: 324 Sir Francis Drake Blvd., San Anselmo, CA 94960
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