Lower your mortgage payment by removing Private Mortgage Insurance (PMI)
As you pay on your mortgage, the loan balance goes down a little each month. Once it is less than 80% of the original value, you can request the PMI be removed.
How to buy a home for less than 20 percent down
With the cost of real estate today, the 20 percent down rule is no longer so hard and fast.
Removing Private Mortgage Insurance (PMI) from Your Mortgage Payment
BOULDER – When you think of “mortgage insurance,” you may think of a type of life insurance that if you die, the mortgage on your house is paid off for the benefit of the survivors. Private Mortgage Insurance, known as PMI, is not that at all. PMI is insurance to...
5 ways to save money when buying a home
Loveland – Buying a home is a major financial investment. As you save up for your down payment and closing costs, it may be helpful to find other ways to save money in the process. After all, you’ll probably want to set aside some money to furnish and decorate...
How to get rid of private mortgage insurance
If you bought a house with a down payment of less than 20 percent, your lender required you to buy mortgage insurance. The same goes if you refinanced with less than 20 percent equity. Private mortgage insurance, called PMI for short, is expensive. But you can remove...