GRAND RAPIDS, Mich. (WOTV) Did you know the median home value in Michigan is now over 20% higher than just a few years ago, and expected to rise another 3% within the next year?
What this means to you is the equity in your home is growing rapidly! If your down payment was less than 20 percent when you obtained your mortgage, you were probably required to pay private mortgage insurance. If it’s been a few years, having your home appraised may allow you to find your equity value has now risen to a point where this insurance can be eliminated.
This could provide you with an estimated savings of $130 each month!
For information on mortgages and refinancing visit our website.
Contact Advia Credit Union