1. – Cash Out Refinance. If rates drop lower in the future, you can always refinance to get a lower monthly payment. Refinance with an Adjustable Rate for even lower interest and monthly payments for a determined period of time. If you have short term goals and want to maximize your available cash for the initial interest rate period,

    Refinance Calculator | Quicken Loans – Refinancing to a loan with a lower rate means you could get a lower payment as long as you don’t shorten the length of your mortgage term. Stop paying for private mortgage insurance (PMI) – If you put less than 20% down on your original home loan, chances are you’re paying for PMI.

    How To Get fha mortgage insurance Removal Can I have new appraisal to remove FHA Mortgage Insurance. – FHA mtg.Closed 4/2013, minimum down payment, all payments made on time. Want to remove my mortgage insurance. property should appraise high enough to show equity greater than 20%.

    How to Refinance and Get Money Back | Pocketsense – Step 1. Fill out a mortgage application to refinance your home at a local financial institution, enter your information over the Internet or telephone a lending professional. Be sure to let the lender know that you want to pay off your current mortgage and get cash back when refinancing.