PMI - Private Mortgage Insurance. In a conventional loan, if your Loan to Value is higher than 80% then you are obligated to pay private mortgage insurance. Once you get below 80%, you must request to have it removed. Steve Betel #mortgages #mortgagelife #newhome #justlisted #homesweethome #realtorlife #realestate
Next Door Lending’s Post
More Relevant Posts
-
Private Mortgage Insurance (PMI) can be a significant factor in your mortgage. It provides lenders with protection in case of default, allowing you to secure a home with a lower down payment.
To view or add a comment, sign in
-
Lenders Mortgage Insurance Explained in under 60 seconds!: Watch on YouTube Transcript 0:00 What is lender's mortgage insurance AKA LMI? 0:04 Banks typically lend 80 of the value of your desired property. This means that you need to save 20% in savings for the deposit. If you don't have this on hand, the bank can still lend this to ... The post Lenders Mortgage Insurance Explained in under 60 seconds! appeared first on Lendstreet. https://bit.ly/3QWEIED
To view or add a comment, sign in
-
Private Mortgage Insurance: What PMI Is and How It Works Contact me to discuss the latest scoop in real estate! #mainerealestate #remaxhustle #remaxshoreline #shorelineagents #realestate #realtor #homebuyers #homesofinstagram #realestateinvesting #housingmarket
Private Mortgage Insurance: What PMI Is and How It Works
housing-trends.com
To view or add a comment, sign in
-
Private Mortgage Insurance: What PMI Is and How It Works Contact me to discuss the latest scoop in real estate! #PlatinumLife #thePLPteam #realestate #realtor #dreamhomes #homebuyers #realestateagent #properties #homesearch #housingmarket
Private Mortgage Insurance: What PMI Is and How It Works
roomvu.com
To view or add a comment, sign in
-
With so many loan options available to buyers, there are many ways to buy a home without putting down 20%. However, in most cases you will end up paying Private Mortgage Insurance. PMI protects the lender in the event that you, the buyer, are unable to make payments. PMI does not last the full term of the loan, and the amount varies based on your particular situation; but if you’re putting less than 20% down on your home, it’s important to be aware of the added cost of Private Mortgage Insurance. Reach out if you have additional questions!
To view or add a comment, sign in
-
Loan officers, are you able to confidently communicate the benefits of Private Mortgage Insurance to borrowers? I can name six right now! Now you can too! Simply download this infographic (PDF) today to share the benefits mortgage insurance can bring your borrowers. #loanofficer #Enactmi #mortgageindustry
To view or add a comment, sign in
-
Private Mortgage Insurance: What PMI Is and How It Works Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket
Private Mortgage Insurance: What PMI Is and How It Works
roomvu.com
To view or add a comment, sign in
-
Realtor and Consultant at EXIT Strategy Realty Certified Listing Professional,SFR,Certified Real Estate Negotiator, and Notary.
Private Mortgage Insurance: What PMI Is and How It Works Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket
Private Mortgage Insurance: What PMI Is and How It Works
roomvu.com
To view or add a comment, sign in
-
Private Mortgage Insurance: What PMI Is and How It Works Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket
Private Mortgage Insurance: What PMI Is and How It Works
roomvu.com
To view or add a comment, sign in
-
Private Mortgage Insurance: What PMI Is and How It Works Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket
Private Mortgage Insurance: What PMI Is and How It Works
roomvu.com
To view or add a comment, sign in
1,693 followers