A lot of clients ask about mortgage insurance cancelation - we are always happy to help review and determine your specific ways of removing mortgage insurance.
The key things to keep in mind:
- Within the first 2 years of ownership, removal of PMI is based on the original value of your home at your last loan.
- After 2 years, you can use the current value of your home.
It is required to have between 20%-25% equity to to remove mortgage insurance.
"Ryan and his team are top notch professionals. As new first time home buyers Ryan and his team explained all the things we needed to do to get our mortgage. They answered all of our questions and was available even after closing hours. Great experience and would highly recommend him and his team to anyone else purchasing a home and needing a loan. Thanks Ryan, you Rock!"
starjohv7
"Ryan and David were fantastic to work with -- they really know their stuff and it shows. It's been eye-opening to talk with my friends about buying in this market. They can't imagine being able to afford it, but with the right financial strategy, we could. So grateful that it worked out. "
db34768
"Ryan has been doing this a long time and it shows. He offers multiple different strategies depending on market conditions, walks you through the pros and cons of each and then gives you his recommendation. He answers any questions and works around your schedule. Couldn’t ask for a better lender ."
zac petersen