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One more for the day!! With @Albert Cantu love these Friday Vibes!!! Stephanie Ann Peevey Team Lead NMLS 445426 REV Mortgage Licensed to serve Texas Direct Mobile: 940-782-1678 Apply Online: https://myhomeloan.gorevmortgage.com/dr/c/9f97z #mortgagelife #vahomeloans #armywife #vahome #mortgagelife #relentless #noexcuses #FHAloans #conventionalloan #usdaloan #texasloans #homeloan #engineeredtoempower #Purchase #Salescontract #VA #fha #conv #lenderinTexas #texas #homeloan #mortgage #reachingeveryveteran #UYAH #REV

Understanding the difference between PMI on a conventional loan and MIP on an FHA loan can save you thousands over time. With an FHA loan, mortgage insurance is required for the life of the loan unless you put at least 10% down, in which case it falls off after 11 years. However, you can refinance into a conventional loan once you have 20% equity to remove the mortgage insurance altogether. With a conventional loan, PMI is required if you put less than 20% down, but the big advantage is that it can be removed automatically once you reach 22% equity, or you can request removal at 20% equity. Refinancing at the right time could mean major savings in the long run. Watch this before making your decision. #HomeBuying #MortgageTips #PMI #FHALoan #ConventionalLoan #RealEstate #FirstTimeHomeBuyer

Understanding the difference between PMI on a conventional loan and MIP on an FHA loan can save you thousands over time. With an FHA loan, mortgage insurance is required for the life of the loan unless you put at least 10% down, in which case it falls off after 11 years. However, you can refinance into a conventional loan once you have 20% equity to remove the mortgage insurance altogether. With a conventional loan, PMI is required if you put less than 20% down, but the big advantage is that it can be removed automatically once you reach 22% equity, or you can request removal at 20% equity. Refinancing at the right time could mean major savings in the long run. Watch this before making your decision. #HomeBuying #MortgageTips #PMI #FHALoan #ConventionalLoan #RealEstate #FirstTimeHomeBuyer

Experience timeless charm and modern upgrades in this completely renovated 4-bedroom, 3-bathroom home in Historic Waxahachie For a private showing please contact 📞 Armani Smith Armani@Rogershealy.com 469.441.2600 #waxahachie #dfw #dallas #surburbs #realestate #realestatemarket #conventionalloan #fha #forsttimehomebuyer

Experience timeless charm and modern upgrades in this completely renovated 4-bedroom, 3-bathroom home in Historic Waxahachie For a private showing please contact 📞 Armani Smith Armani@Rogershealy.com 469.441.2600 #waxahachie #dfw #dallas #surburbs #realestate #realestatemarket #conventionalloan #fha #forsttimehomebuyer

Stephanie Ann Peevey Team Lead NMLS 445426 REV Mortgage Licensed to serve Texas Direct Mobile: 940-782-1678 Apply Online: https://myhomeloan.gorevmortgage.com/dr/c/9f97z #mortgagelife #vahomeloans #armywife #vahome #mortgagelife #relentless #noexcuses #FHAloans #conventionalloan #usdaloan #texasloans #homeloan #engineeredtoempower #Purchase #Salescontract #VA #fha #conv #lenderinTexas #texas #homeloan #mortgage #reachingeveryveteran #UYAH #REV

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