How can I Lower My Mortgage Payment ?

As we have said in the past when you are looking for a home and mortgage be sure to work on having good credit (You can check it at Equifax) and save for that magic 5 % down. Do you have a good way to save for a down payment? We highly recommend Emigrant Direct. They pay 4.5% on their savings account, with no minimums, no fees. Now if you are in that situation and have your home and mortgage payment then the next thing to do is after 2 Years see if your home has appreciated enough to get a appraisal that will lower your LTV to less than 80 LTV. When that happens you (You must request this. It is not automatic) can ask the Investor to have your MI removed. That will cut your payment substantially. You need to make sure you have not been late on your house payments and still maintain good credit. This will NOT happen on its own. YOU must make the request. You will like that lower payment when you do! www.rateinformer.com