10/18/2024
Happy Friday!!
I just wanted to let you know that I now can offer you a conventional loan cashout refinance to 89.99% of your homes value or LTV (Loan to Value) with NO pmi!! Why is this good?
1. Typically any loan over 80% of your homes value (Loan to Value) requires PMI (Private Mortgage Insurance)
2. Typically the maximum loan to value to take cashout of your homes equity is 80%
So, even if you currently have a HELOC (Home Equity Line of Credit) lets look to see if combining the two can save you money monthly or more importantly if you have any high interest credit cards that need to be paid lets talk. Remember your monthly output should be the goal in my opinion.
