During this episode of Keeping it Real: Real Estate and Real Issues, Lissette Gonzalez, Sheena Lansanah and Erica Rawls sat down to talk about how to negotiate your mortgage rates when buying or refinancing a home.
We learned some helpful information that home buyers have the ability to negotiate their mortgage terms; however, you must have something to leverage like good credit.
Watch our latest Facebook live to learn how you can negotiate your mortgage terms.
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You can watch past episodes of our Facebook Live show posted on our blog.
**Note to Add:** In the video, Erica misspoke about the loan to value. The correct information is as follows:
Once you have an 80% loan to value; meaning you have at least 20% equity, NOT 80% equity in your home, that is when your mortgage insurance will or should drop off.
We challenge you to review the market on a yearly basis because you may be able to get your mortgage insurance dropped prematurely due to home values increasing but most likely will need an appraisal.