Let’s Explore Your Selling Options. I’ll help you sell your home at the price and terms you want. Free Selling Strategy Call
What is private mortgage insurance (PMI), and how can you get rid of it? PMI is costly, and it’s not building your wealth. Many can get rid of their PMI early because of the massive appreciation homes have seen lately. Some homes have appreciated by 30% to 50% in the last five years, yet many still pay for mortgage insurance. Here are the steps you can take to get rid of it early:
1. Call me. I’ll give you an idea of what your home is worth and check if you have 20% or more equity in your property.
2. Contact your lender. Your lender’s PMI department will talk to you about how to reduce or drop your insurance. They’ll have an appraiser come out and look at your home.
3. Consider stipulations. Your lender will also go through the different stipulations to ensure you fit their requirements.
If you have any questions, feel free to reach out to me by phone or email. I’ve helped many clients recently drop their PMI and save hundreds of dollars per month, and I look forward to helping you as well.
-
Let’s Explore Your Selling Options. I’ll help you sell your home at the price and terms you want. Free Selling Strategy Call
-
What’s Your Utah Home Worth?. Are you thinking of selling your home or interested in learning about home prices in your neighborhood? We can help you. Free Home Value Report
-
Looking for a Utah Home?. Search the entire MLS for your Utah home. Search the MLS
-
Free Real Estate Newsletter. Get our latest Q&A, insights, and market updates to make smarter decisions. Subscribe Now
