How to Get Rid of Private Mortgage Insurance www.maxrealestateexposure.com /how-to-get-rid-of-private-mortgage-insurance/
One of the things that many homeowners want to know is how to get rid of private mortgage insurance. If you bought a home without making a down payment of 20% or higher, or you refinanced your home with less than 20% equity, private mortgage insurance (PMI) was probably a requirement of owning your home. Now, when you were in the middle of the excitement of buying the house, you may not have batted an eye at paying a little extra insurance to get your nice new home. But as the months go by, and you look at your mortgage bill, you may have noticed that PMI is kind of expensive. Naturally, you want to know how to get rid of it as soon as possible. In fact, the second follow up question I am often asked as a real estate agent, is “when can I stop paying private mortgage insurance?� Getting rid of private mortgage insurance is not that difficult to do as long as you follow a few simple steps outlined
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