![]() ![]() ![]() "I urge anyone who is currently paying mortgage interest to give me a call today for a free consultation. If a home's LTV ratio has improved significantly, a mortgage refinance can oftentimes result in a lower mortgage interest rate as well as the elimination of a mortgage insurance requirement. ![]() Additionally, a LTV ratio can also affect the mortgage interest rate a borrower is offered. Ruedy, a LTV ratio is extremely important because it determines whether or not a borrower is required to pay mortgage insurance. Ruedy, The Home Loan ArrangerĪccording to Mr. This is why I'm offering everyone a free one-on-one consultation." - Jason M. I want to help homeowners figure out if their mortgage insurance obligation can be eliminated. The elimination of mortgage insurance payments can potentially save homeowners hundreds or thousands of dollars. If the new appraisal value is significantly higher than it was a few years ago, the new Loan to Value (LTV) ratio might eliminate the need to pay mortgage insurance. Any homeowner that is currently obligated to pay mortgage insurance based on an old home appraisal should seriously consider having their home re-appraised. "In many locations throughout the United States, home values have increased significantly over the past few years. The purpose of mortgage insurance is to provide protection to a mortgage lender in the event a borrower defaults on their loan. Mortgage insurance, which is also commonly referred to as Private Mortgage Insurance, is often a requirement for homebuyers who make a down payment that is equal to less than 20 percent of the sale price - or appraised value - on their home. Don't Put Your Loan in Danger, Call The Loan Arranger! Post this ![]()
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