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home equity
3articles tagged #home equity · All articles
Mortgage EducationHow to Remove PMI and FHA Mortgage Insurance in Florida
PMI and FHA mortgage insurance both protect your lender — but they cancel completely differently. PMI on a conventional loan drops off automatically at 78% LTV or by written request at 80%. FHA MIP on loans originated after June 2013 with less than 10% down stays for the life of the loan. Building equity alone will not remove it. For most FHA borrowers, the only real exit is refinancing into a conventional loan once they reach about 20% equity.
·8 min read
Home Equity & RefinancingCan You Use a Refinance to Pay for Home Renovations?
You can use a refinance to pay for home renovations — and done right, the money goes right back into your largest asset. Here's how a cash-out refinance and renovation loans like the FHA 203k and Fannie Mae HomeStyle actually work, plus the honest catch you need to hear first.
·7 min read
Reverse Mortgage / Aging in PlaceSHOCKER: The Simple Home-Equity Move Helping Seniors Stay Put—While Big Banks Stay Quiet
Discover how a reverse mortgage with your planner, CPA, and care team can make aging in place safe, smart, and stress-free.
·3 min read