Removing Your Private Mortgage Insurance
Do you know what private mortgage insurance (PMI) is? A PMI is a type of mortgage insurance that benefits the lender—not you. If you remove your PMI, you can save hundreds of dollars monthly. One way to cancel it is through refinancing. However, I don’t recommend this method right now because interest rates have increased in the past several months. I have another solution that will save you money and won’t require you to refinance. To learn what it is, watch this video.
Learn more: https://www.exitrealtycc.com/blog/removing-your-private-mortgage-insurance/