Texas Mortgage Refinancing
If you're considering mortgage refinancing in Texas, don't overlook your private mortgage insurance (PMI). Basically, borrowers are required to carry private mortgage insurance when they borrow more than 80 percent of the sale price of their Texas homes. The amount you pay for PMI depends on your loan-to-value ratio and can add significantly to your housing expenses.
If you've had a Texas mortgage for at least two years, refinancing may help you to eliminate your PMI payment. To be eligible to get rid of PMI, your home must have appreciated in value, so that the amount you still owe on your mortgage is less than 80 percent of the current value of your home.
Move Forward with Texas Mortgage Refinancing
When you're ready to move forward with refinancing and getting rid of private mortgage insurance, you need a dynamic mortgage lender on your side. Call us at Southern Lending Corporation, and speak to one of our professional consultants. We can help you understand the ins and outs of refinancing, filling you in on what to expect. We can also help you avoid common pitfalls, as refinancing is not the right solution for every situation.
Get in touch with us at Southern Lending Corporation to learn how you can save money by refinancing your Texas mortgage loan. We are standing by to help you around the clock. Apply online or call us at 1-866-614-2700 ext. 100. Prefer e-mail? Contact us now at info@southernlendingcorp.com . Trust in us for the best refinancing options.
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