Many homeowners have a mortgage insured by the FHA, which may eventually become more expensive than conventional – e.g., non-FHA-backed – mortgages. Refinancing with a conventional mortgage may reduce your monthly expenses and even eliminate your private mortgage insurance (PMI).
The initial step to qualifying for a conventional refinance is to provide an estimate of the value of the property and how much equity you have in the home. Legacy Park Mortgage can assist you in qualifying for a conventional refinance mortgage and provide you with a variety of options to choose from. For more information on conventional refinance options or to get started with the prequalification process, email us at firstname.lastname@example.org or call us at (305) 901-1791.