Chattanooga/North Georgia Real Estate Agent: Private Mortgage Insurance (PMI) Explained

Chattanooga/North Georgia Real Estate Agent: Private Mortgage Insurance (PMI) Explained. Hurry Up & Drop that PMI! (Private Mortgage Insurance)

Chattanooga/North Georgia Real Estate Agent: Private Mortgage Insurance (PMI) Explained video duration 3 Minute(s) 35 Second(s), published by CharlotteMabryTeam Keller Williams Realty on 08 03 2019 - 19:15:15.

Homebuyers making their way through the purchasing process will notice that some lenders offer loan products that request less than 20% down
This certainly Facts on Private Mortgage Ins E.G
loan to Value when needed
10% down is .50% 5% is .75% 3% down factor is
.97% × loan amt
E.g
$100.000 .

Acronyms are challenging in general, but what about Mortgage Acronyms?! PMI=Private Mortgage Insurance, check out what this important insurance is all Getting Rid of PMI, How to get rid of PMI from your mortgage payment
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Homebuyers making their way through the purchasing process will notice that some lenders offer loan products that request less than 20% down. This certainly aids buyers who can’t feasibly come up with 20% up front, but these sorts of products do come with a precondition: The home loan applicant must purchase private mortgage insurance, or PMI. What exactly is PMI? How long will you need to have it? And are there ways around it? I’ll answer all of these questions for you in today’s message. To learn more, watch this short video.

Learn more: https://charlottemabry.blogspot.com/2019/03/private-mortgage-insurance-its.html

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Charlotte Mabry
The Charlotte Mabry Team
Chattanooga, Tennessee
423-664-1900
cmabry1112@gmail.com
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