How Mortgage PMI Works: Everything You Need To Know

#mortgage #realestate

We've all heard the stories that you want to avoid PMI at all costs and you must be 20% to buy a home so you don't have it, but have you really taken the time to learn about it? Did you know it can actually be a financial tool to help you get into a home faster and start earning equity in an appreciating asset, especially compared to paying rent to someone else's mortgage?

In this video, we go in-depth with PMI, examining when it's required, how different types of loans affect PMI, the cost of it, real world examples, how to stop paying it, the positives and negatives of it and if PMI is truly worth it compared to saving 20% down.

📒 Show Notes and Resources 📒

Justus Foss
Mortgage Loan Officer - Finance With Foss
NMLS #1588344

Have a mortgage question about something not covered in this video or specifically about the video today? Reach out, I'd love to help answer it.

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