Are you paying PMI? PMI is an extra fee added to your monthly payment when you buy a home with less than 20% down. It protects the lender... Not you... But you are the one paying for it. So.. Are You Paying PMI? The real question becomes: How soon can you get rid of it? There are slower ways and faster ways to remove PMI. Depending on your equity, your loan type, and how fast your home value has risen. Some homeowners are shocked to learn they can eliminate it much sooner than they thought. If y

The PMI Secret Banks Don't Want You to Know!Did you know you can remove PMI from your conventional mortgage without refinancing? Here's how: 1. Calculate your loan-to-value ratio by dividing your current mortgage balance by your property's value. If the result is below 0.8, you're eligible to remove PMI.2. For example, if you owe $400,000 on a house worth $520,000, your ratio is 0.769.3. Call your mortgage provider to request PMI removal. It's that simple to lower your total payment and keep you

PMI isn’t like TMI. In fact, if you’re trying to buy or refinance a home, it’s information you may need to know. Watch this video and see. | Webster Bank

💸🚫 STOP Paying PMI — Here’s How Homeowners Eliminate It PMI is one of the most unnecessary monthly mortgage expenses — and many homeowners are paying it long after they no longer need to. Here’s the truth: • If your home value increased 📈 • If you’ve paid your loan down enough • If you qualify for a refinance or loan restructure 👉 You may be able to remove PMI completely and lower your monthly payment — without buying a new home. Most lenders won’t tell you when you’re eligible. That’s why s

1.3M views · 6.5K reactions | How to Remove PMI from your Mortgage 勞 #moneytips #savemoney #moneysavingtips #moneyhacks #personalfinance | Josh Rincon | Facebook