Video Transcript:
Everyone thinks a higher interest rate costs you more money each month. When refinancing an FHA loan, the opposite is often true, changing everything completely. At my company, I, David Ghazaryan, build the financial structure for each loan. I see exactly how the FHA insurance payment system traps good people. The key is having 20% equity in your home. This simple number is the only thing that lets you drop the extra monthly insurance payment forever. Here is how we use it. A higher rate with zero insurance often costs less than a lower rate with the big FHA insurance payment. If you have the equity and don't make this change, you are simply giving money away. Your home's value is trapped, not helping your family. I explain this entire structure in the full article on my website. See the links below this video for my platforms to continue your own analysis.
Read Blog Here: https://www.iqratemortgages.com/blog/refinance-fha-to-conventional-loan-in-nevada
