What is mortgage insurance aka PMI !?! Explained скачать в хорошем качестве

What is mortgage insurance aka PMI !?! Explained

If your BIGGEST concern is your monthly payment, I have news for you: sometimes, mortgage insurance has a bigger impact on your monthly payment than your interest rate!!! Mortgages consist of what’s called PITI -- Principal, Interest, Taxes, and Insurance and if you are one of the 48.8% of buyers putting less than 20% down, your payment will also include mortgage insurance. Often home buyers get hung up on pursuing the lowest interest rate when many times mortgage insurance has a greater impact on their overall monthly payment! Your unique financial situation will affect which type of mortgage product is best for you but make sure that the lender you are approved with presents you with options that include different mortgage insurance plans. Scenarios like, Buying out or down your mortgage insurance Increasing your downpayment to lower your mortgage insurance Comparing government and conventional loan products Curious about what you need to know about mortgage insurance? Watch this video and read my most recent blog post! 👇🏼👇🏼👇🏼 https://lizyhoeffer.com/what-is-mortg... 👇👇👇 http://lizyhoeffer.com/free-budget-gu... 480-818-6222 Follow us on insta!! @lizyirvine 👉Check out our podcast - bit.ly/2P46cqs 🎙Text "LIZY" to 21000 for updates on our market podcast Lizy Hoeffer NMLS ID # 260183. AZ LO-0913409 The Lizy Hoeffer Team AZ BK#0939614.