The NMWelcomeHome Team Blog

If you are thinking of refinancing or buying, right now may be a great time. The mortgage insurance rate has been reduced and can save you a lot of money per month. This coupled with low interest rates makes this a perfect opportunity for you to save money or increase your sale price to purchase! Real Estate in Albuquerque and Rio Rancho NM.

Estimates of possible monthly and yearly savings:

$200K (loan amount)
Rate 4.5% (typical for a year ago)
Old MI 1.35%
 
Payment: $1259.00
 
(New Loan)
 
$200K (loan amount)
Rate 3.5%
New MI .85%
 
Payment $1057.00
 
SAVINGS:
$202 per month
$2424.00 per year

NO COST, NO COMMITMENT LOAN APPROVAL - FREE CREDIT REPORT

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