How to Cancel your Mortgage Insurance


Content provided by Dean Hayes, Bay Equity Home Loans

Nearly 4 out of 10 people don‚Äôt know that you can buy a home with less than 15% down. When you do, you will be paying mortgage insurance ‚Äď an insurance policy that protects the lender in case you don‚Äôt make your payments and default on your home loan.When-can-I-Cancel-my-Mortgage-Insurance

Many people believe mortgage insurance is a waste of money and want to get rid of it as soon as possible. Actually, I can show you the math where mortgage insurance is a very inexpensive alternative to the cost of waiting, but that’s another post.

If you have mortgage insurance on your home mortgage and want to get it removed, we have to first start by identifying the type of mortgage that you have.

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Security First Financial Services Inc.

Save the date:  March 12, 2011 for the Anacortes EXPO.  Come for one speaker or all, and visit our exhibitors who are also your neighbors.

Security First is a small, community based firm that restricts their service area to this region of Washington.¬† Security First Financial Services was originally formed to provide Mortgage Planning services, but quickly grew to acquire Financial Planning as well.¬†¬† This company’s goal is to make¬†their financial services available to¬†their customers in an honest and consistent manner, ensure that¬†their policies and procedures are free of any trace of unfair treatment, and to work closely with¬†their customers to meet their financial and personal goals.¬† Security First Financial Services is located in Bellingham, Washington.¬† Seeking information on FHA Reverse Mortgages?¬† Ask for the staff Loan Officer for FHA Reverse Mortgages, Steve McLean.¬† Contact them at¬†or call them at 360-755-1549.