Nevada Refinance Mortgage Loans
A major reason to refinance your Henderson, Nevada mortgage loan is to get rid of mortgage insurance. When an individual borrows more than 80 percent of the sale price of a home, he or she is typically required to purchase private mortgage insurance (PMI). This amount is added on to the already high costs of mortgage loans. As a way to eliminate the need for PMI, many homeowners choose to refinance their mortgage loans.
Homeowners with mortgage loans that are more than two years old, may be able to refinance to rid themselves of PMI payments. Basically, this is an option if the value of an individual's home has appreciated significantly. This means you may be able to refinance your Henderson, Nevada mortgage loan if the amount you still owe is less than 80 percent of your home's current appraised value.
Nevada Refinance Mortgage Loans from Top Lenders
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