April 8, 2013

Homeowners: Find Out How to Reduce Mortgage Payment

Mortgage insurance is great for helping you purchase a home when having less than 20% to put down, and once you achieve a pre-determined equity level, your lender must cancel coverage – reducing your total monthly mortgage payment! Under the Federal Homeowners Protection Act, coverage must be cancelled once your balance is scheduled to drop to 78% of the original value of your property. Under the provision, the cancellation occurs automatically – freeing up money that is sure to come in handy every month. Have more questions? Need help buying or selling your home? Talk to us: we can help! […]