We are answering more questions from the internet! Today we cover mortgage insurance/PMI: when it comes into play, how to eliminate it, and why PMI might be a good thing for you.
Okay seriously, no one WANTS to pay PMI. I mean who wants to pay extra every month? But the reality is that PMI actually HELPS many homebuyers become homeowners. After all, which is worse—paying PMI or paying rent?
Without mortgage insurance, low down payment programs may not even exist, so let’s celebrate that it is possible to buy a home with less than 20% down. In fact, we also discuss how you could get into your next home with NO money down (or just a little).
Ready to start your search? Contact me today :)
~ izzy
(412) 200-8514 call/text
Howard Hanna Real Estate Services
(412) 833-3600 office
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