What is PMI?

Title; What is PMI? 

PMI (Private Mortgage Insurance) is a type of mortgage insurance that buyers are typically required to pay for a conventional loan when they make a down payment that is less than 20% of the home’s purchase price. ⁣⁣

⁣⁣

PMI is designed to protects the lender’s investment in case you fail to repay your mortgage.⁣⁣

⁣⁣

One reason why the VA loan is one of the best is because it does not carry PMI despite its low downpayment criteria. 

⁣⁣

⁣⁣

Send this to someone you know that likes pizza and real estate. 

⁣⁣

⁣⁣

⁣⁣

⁣⁣

⁣⁣

⁣⁣

#estateofgrace #pizzaboyzzz #pmi #realtorhumor #realtormeme #pmi #deliveryboy #krysbenyamein #estateofgrace #Valoan

Post a Comment