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Refinancing your mortgage could be the right solution for you. At Metropolitan Mortgage, we specialize in helping Kansas City homeowners secure better loan terms, lower their interest rates, and achieve financial freedom through refinancing. Learn how refinancing works, what benefits you can expect, a...
How to get rid of PMI: Removing private mortgage insurance How to Remove FHA Mortgage Insurance | 2025 Cash-Out Refinance Cash-Out Refinance Guide: Requirements and Rates for 2025 Cash-out refinance examples: How to use your home equity ...
Refinancing your home during a divorce mortgage settlement is an effective way to remove your spouse’s name from the mortgage. This process ensures that only one name remains tied to the property, ensuring sole ownership. It’s an important step in finalizing property matters in a divorce. Cos...
When you’re refinancing your mortgage, your lender may want to have a professional appraise your home to determine its market value. The result of the appraisal can have an impact on your new loan, such as determining whether you need to pay for private mortgage insurance (PMI). ...
You can choose to pay the PMI for now. If home values continue to rise, you can later provide comparable sales to your mortgage servicer and ask it to remove PMI, even if you haven't yet paid down much of yourprincipal. How Long Does a Home Appraisal Take?
Eliminate private mortgage insurance: Most loans require private mortgage insurance if you put less than 20% down when buying a home. As home prices have increased, you may have crossed the 20% equity threshold, creating an opportunity for you to refinance without PMI. (You can also ask...
Home buying and refinance news and advice for first time home buyers, repeat buyers and homeowners -- FHA, VA, USDA, Conventional, PMI, jumbo mortgage programs. FHA streamline, VA streamline, and cash out.
downside, however: If rates have increased since you took out your original mortgage, you could pay more interest over the life of the loan. In addition, if the equity in your home falls below 20 percent after doing the refinance, a lender might charge youprivate mortgage insurance (PMI)....
A home refinance could help pay off or consolidate debt, finance renovations, or lower your current mortgage rate and more. Apply online.