How To Get Rid of Mortgage Insurance

Many homeowners often ask me how to get rid of their mortgage insurance. Typically, you need about 20% equity in your home, whether that was from a 20% down payment or from paying enough of your mortgage balance. However, there are some types you can’t get rid of, such as FHA insurance or those with more stringent guidelines. You’ll often be given multiple options you’ll want to weigh out when purchasing a property. We’re happy to help you figure out the best plan and answer any other questions you have.

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