Are you paying PMI on your mortgage? Rising home values may help you reach the 80% LTV ratio to drop PMI sooner. In this guide, I’ll show you a simple process to remove PMI from your monthly payments, potentially saving you a lot of money. Understanding Private Mortgage Insurance (PMI): Private Mortgage Insurance (PMI) is a typical requirement for conventional loans when the down payment is less than 20%. It serves to protect the lender in case the borrower defaults on the loan. PMI typically adds 0.5% to…
Read MoreA Comprehensive Guide to Removing PMI Insurance
