"The home buying & selling process BEGINS and FINISHES with ME, so that there is no interruption throughout the process.” LONG M. NGUYEN
CURRENT MORTGAGE INTEREST RATE (may change depending other factors. Please contact Realtor for more info
1 - Call your mortgage company
2 - Ask for a removal of PMI
Your home Loan is $147,624.81.
The mortgage company need a 75% LOAN TO VALUE to REMOVE the PMI.
So, you need to have 25% EQUITY in the home, and the loan is 75% of the TOTAL VALUE of the home. So, you need to have a TOTAL VALUE (market price of home) of $196,833.
Divide $147,624.81 by 0.75 = $196,833
This can save you $76 or more of Mortgage Insurance a month in extra cost on the mortgage.
The appraisal can cost between $300 to $1000 to do depending on the size and area of your home. You can pay upfront or paid WITH your next month mortgage payment.
Put 20% down payment when buying a house.
Buy out the PMI by paying to remove PMI when getting the loan.
Copyright © 2021 LONG M. NGUYEN - All Rights Reserved.
STATUS and CONDITIONS MAY CHANGE WITHOUT NOTICED. PLEASE CONTACT REALTOR FOR UPDATED INFORMATION ANYWHERE SHOWN ON THIS WEBSITE! 602-628-0209
Powered by GoDaddy Website Builder