Private Mortgage Insurance (PMI) can significantly impact your monthly mortgage costs, but it doesn’t have to be a long-term burden. By implementing smart strategies, homeowners can reduce or eliminate PMI and save money over time.
1. Increase Your Down Payment:
Making a larger down paymen...
Private Mortgage Insurance (PMI) is an essential consideration for many first-time homebuyers who are purchasing a home with less than a 20% down payment. PMI protects lenders in case of loan default and allows buyers to qualify for a mortgage with a lower initial investment.
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The Mortgage Broker – Where mortgages are only the beginning
