You can wave the mortgage insurance from your current monthly payment. You can have it taken off by:
1. Refinancing your current mortgage: as long as you have 20% equity in your property.
- I.e.: If you would make 20% profit on the sale of your home today, you do have enough equity to qualify.
2. Not refinancing: Call your current mortgage provider if you feel like you would make 20% profit on the sale of your home property, you do have enough equity to qualify. Simply call them and pay for an appraisal and if you have the proper equity we will take it off.
If you don’t know if your home has enough equity then you should call a professional loan officer to help decide what the best option for you is. For more information about this subject and/or about loan questions please contact Frank Marta Texas Home Loan Specialist at Info@nuhomegroup.com
NuHome Group 713-373-0345
1445 North Loop West Suite 105 Houston, TX 77008
Frank Marta NMLS# 245813/835196
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