“Eliminating Mortgage Insurance”
Hi Joe,
I think it is time. We purchased the home 15 months ago and as we discussed back then the goal was to refinance as soon as possible.
I have made all the improvements, many of which will add value and with the appreciation that has been going on, we should be able to eliminate mortgage insurance which is just over $200 monthly. What do you think?
Appreciation has certainly been a friend to homeowners. Over the last couple of years I have coach clients to consider refinancing their mortgage that had mortgage insurance at the time of the purchase. Don’t wait for interest rates to go up, take advantage of the opportunity!
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