MAY 2024
The month of May brings a great mix of fun and appreciation for the people (and pets) in our lives who make the days more memorable. What are you looking forward to the most?
Did You Know?
Once you’ve reached an 80% loan-to-value (LTV) ratio on a conventional loan, you are eligible to cancel your private mortgage insurance (PMI), but you have to request it. While mortgage servicers are required to cancel PMI once the borrower’s LTV reaches 78%, canceling early can save you money. You can choose to enjoy the lower monthly payment or put the difference toward extra mortgage payments, ultimately decreasing the amount of interest you pay over the life of the loan.
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