Lower the Private Mortgage Insurance (PMI) for Christmas
Homeowners who consider refinancing their mortgage this year or next year (2016), may want to watch the video I have placed here. Shawn Kaplan who is a Mortgage Consultant explains in a few short numeric examples how refinancing may not be such a bright idea unless done at the right terms.
Lower PMI Christmas Present
Let me wish you Merry Christmas! The best gift you may give yourself would be to reduce the mortgage interest and mortgage payments. If you are able to do it by lowering the PMI, you may be saving quite a lot of money.
So What Is The Next Step?
If you will do nothing.. don’t expect anything to happen. You must bump your credit score up! It will give you better leverage when facing the lenders, and better negotiation position when applying for any financial need.
Lets not forget you are probably paying $500-$1000 extra per year in higher interest rates, and credit payments.
If your score is below 700, you might want to clean it yourself – get this ‘Credit Repair University’ which will save you money and time.
Yes, you might need to invest a small sum to get a grip of things.. But if you think education is expensive.. try ignorance..
You are probably paying thousands of dollars per year in fees and interests to credit companies which could be going straight to your pocket. Don’t be cheap when it comes to financial education.. Ignorance costs more.