Here is something I thought would be helpful to you.

Problem: Many homeowners have mortgage insurance included in their payment. This can be an extra $100 to $250 a month that you simply may not have to spend. (Any idea what $150 a month invested elsewhere can do for you?) Current laws require the mortgage company to release your mortgage insurance if you meet certain guidelines. If you can show that your loan is 80% or less of your home’s current value, you may get the mortgage insurance removed.

Solution: Have an appraisal completed on your home. This may be your lender’s appraiser, so realize that their valuation will be conservative. With our strong market, even with a very conservative estimate of value, you may have enough equity to remove the mortgage insurance. Before you spend $350 on that appraisal, get a professionally prepared market analysis to determine if the appraisal will be worth your investment. Call me directly or go to reply to this e-mail and I will send a professionally prepared market analysis.

Hope this is helpful. Call or e-mail if I can help in any way.