Eliminate Mortgage Insurance
Many homeowners pay mortgage insurance every month if they didn’t have a 20% down when they bought the house. Mortgage insurance might be costing thousands every year, but it doesn’t do anything to chip away at your loan. By refinancing, you can use the equity in your home to avoid that mortgage insurance and save on your monthly payment.
DID YOU KNOW that even if you don’t have much equity built up, you can refinance your loan with no mortgage insurance?