Valerie Wright, Real Estate Broker

01/01/2026

07/27/2025

Making additional principal mortgage payments can offer several powerful financial benefits. Here’s a breakdown of the key advantages:

🔹 1. Pay Off Your Mortgage Sooner
• Each extra payment reduces your loan balance directly, which accelerates your payoff timeline.
• For example, making one extra full payment per year can shave 4–6 years off a 30-year loan.

🔹 2. Save Thousands in Interest
• The earlier you reduce the principal, the less interest accrues over time.
• Example: On a $300,000 loan at 6% interest, just $100/month in extra principal can save over $40,000 in interestand cut years off the loan.

🔹 3. Build Equity Faster
• Equity = Home Value – Mortgage Balance.
• By reducing the balance more quickly, you increase your ownership stake in the home.

🔹 4. Improve Loan-to-Value Ratio (LTV)
• A better LTV can:
o Eliminate PMI (Private Mortgage Insurance) sooner.
o Help with refinancing on better terms.
o Increase your resale or cash-out refi potential. Are you currently using this method to payoff your mortgage early?

07/24/2025

Removing PMI (Private Mortgage Insurance) from your mortgage depends on the type of loan you have and how much equity you’ve built in your home. Here’s a step-by-step guide for conventional loans, along with notes on other loan types:

🔹 For Conventional Loans
PMI is typically required if your down payment was less than 20%. You can remove it in the following ways:
1. Automatic Cancellation (Lender Required)
* When it happens: Once your loan-to-value ratio (LTV) reaches 78% based on the original value of your home.
* How: This is automatic if you’re current on payments.
2. Request Early Cancellation
* When you can request it: When your LTV reaches 80%, based on the original purchase price or appraised value at the time of purchase.
* Steps:
1. Contact your loan servicer ( mortgage company) with a formal request.
2. You may need to:
* Be current on your payments (usually no late payments in the past 12 months).
* Show no second liens (like a home equity loan).
* Provide a new appraisal (paid for by you) to verify the current home value.
3. Refinance Your Mortgage
* If your home’s value has increased significantly, refinancing might get you to 80% LTV or lower.
* This removes PMI and potentially lowers your interest rate, but you’ll pay closing costs.

🔸 For FHA Loans
FHA loans include a Mortgage Insurance Premium (MIP) rather than PMI.
* If your down payment was less than 10%: MIP is required for the life of the loan.
* If your down payment was 10% or more: MIP is required for 11 years.
* To remove it: You typically need to refinance into a conventional loan once you have 20% equity.

🔸 For VA Loans
VA loans don’t require PMI or MIP.

Remember, it costs you nothing but time to inquire. Let me know when you get the PMI removed. 😊

05/17/2025

To see you EXCEL in school has been joyful and a privilege. I never imagined that you would accomplish this BUT I knew that you didn’t play about completing your assignments for school.
I didn’t know that Mr. Roderick Manuel had challenged you 2 years prior regarding this accomplishment. I did know that Ms. G, A.K.A. Mrs. Nikki Healy, and Mr. Manuel genuinely cared about you. I’m honored, overjoyed and eternally grateful to see the community that you’ve created and developed. The love that is shown to you gives me comfort to know that when I’m not physically there, your community has got your back. Congratulations 🎉 🎉🎉Tania, Exhibit “A”, on your accomplishments. I AM SO PROUD OF YOU!
Love you more, 💚💚💚Mom

03/30/2025

Lending Hand Mortgage has downpayment assistance programs for those looking to purchase a home. Reach out to Justin Collier for more details.

09/02/2024

😂Entrepreneurs work while the rest of the world takes a day off. 😂 Happy Labor Day!! Enjoy!! 🎉

08/22/2024

Seeking new clients for mid-term rental setups…. I’m still assisting with Property Management, helping clients sell, buy and lease real estate.

07/04/2024

Save me a plate! 🥗🍔 Enjoy your day!! 🇺🇸

06/19/2024

Happy Juneteenth!!🖤❤️💛💚

06/05/2024

If you need assistance setting up your corporate rental, I’m here to help! See bio for contact information.