Straight talk on mortgages from a loan officer who's done it for 10+ years.
Here's one of the most stressful situations in real estate: you've found the home you want to buy, but your money is tied up in the home you still own. You can't comfortably buy the new one until you sell the old one — but if you wait to sell first, you risk losing the home you love, or ending up with nowhere to live in between.
If you bought your home with less than 20% down on a conventional loan, you're almost certainly paying private mortgage insurance — PMI. The good news is that unlike FHA mortgage insurance, conventional PMI is temporary. With the right approach, you can get rid of it and lower your monthly payment, sometimes much sooner than you'd expect.
If you've owned your home for a few years and watched your equity grow, you may have wondered whether you can tap into it without selling. A cash-out refinance is one of the most common ways to do exactly that — and in Massachusetts, where home values have appreciated significantly over the past several years, a lot of homeowners are sitting on more equity than they realize.
Talk to Nate directly — no forms, no call centers, no runaround.