Have you reached at least 20% equity in your home? You ask why that’s important ,well let me tell you what I know about that magic number of 20% of your equity, the best aspect of that news is that as a homeowner you pay less, because you can refinance to eliminate the extra insurance you have to carry.
I remember that wonderful day that we received a check from our mortgage company because we had reached 20+% within our 5 months in our home, yes within 5 months, our home priced out to the point if we didn’t buy it at the time we did, then we would not be sleeping in it now! ” Sleep on it, you might sleep in it”, because while you’re sleeping on it ,the other couple saw it the day before and slept on it missed out too because the couple who saw it and acted right away is now sleeping in it!
The site below should help you to get a better understanding how this process works! I have preferred lenders who are very knowledgeable and ready to assist you along with The Samuels Team!