Purchasing a Home with less than 20% Down Payment? Will you need Mortgage Insurance (MI)?

Purchasing a Home with less than 20% Down Payment? Will you need Mortgage Insurance (MI)?

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Did you know that many people are paying a monthly payment of anywhere between $50 – $400+ per month for insurance that doesn’t even benefit them? Yep, it’s called private mortgage insurance or PMI. This insurance benefits your lending institution if you default on your loan. If you have bought a home and put less than 20% down on the home, you are most likely paying PMI. PMI is wrapped up in your mortgage payment so many people don’t even realize they are paying it. #LiveLikeYouAreRich

Did you know that many people are paying a monthly payment of anywhere between $50 – $400+ per month for insurance that doesn’t even benefit them? Yep, it’s called private mortgage insurance or PMI. This insurance benefits your lending institution if you default on your loan. If you have bought a home and put less than 20% down on the home, you are most likely paying PMI. PMI is wrapped up in your mortgage payment so many people don’t even realize they are paying it. #LiveLikeYouAreRich

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Find out more about private mortgage insurance for FHA loans: - http://www.doughroller.net/mortgages/fhas-new-rules-pmi/?utm_campaign=coschedule&utm_source=pinterest&utm_medium=Dough%20Roller&utm_content=Everything%20You%20Need%20to%20Know%20About%20PMI%20on%20FHA%20Mortgages

Find out more about private mortgage insurance for FHA loans: - http://www.doughroller.net/mortgages/fhas-new-rules-pmi/?utm_campaign=coschedule&utm_source=pinterest&utm_medium=Dough%20Roller&utm_content=Everything%20You%20Need%20to%20Know%20About%20PMI%20on%20FHA%20Mortgages

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Real Estate | Tipsographic | More estate tips at http://www.tipsographic.com/
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What is Private Mortgage Insurance? How Do I Get Rid of My PMI? http://www.maxrealestateexposure.com/how-to-get-rid-of-private-mortgage-insurance/

What is Private Mortgage Insurance? How Do I Get Rid of My PMI? http://www.maxrealestateexposure.com/how-to-get-rid-of-private-mortgage-insurance/

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What is Private Mortgage Insurance and How Soon Can I Stop Paying It? How Do I Get Rid of PMI? http://www.maxrealestateexposure.com/how-to-get-rid-of-private-mortgage-insurance/

What is Private Mortgage Insurance and How Soon Can I Stop Paying It? How Do I Get Rid of PMI? http://www.maxrealestateexposure.com/how-to-get-rid-of-private-mortgage-insurance/

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Are you paying PMI (Private Mortgage Insurance) - find out if you are eligible to file for IRS Tax Deduction here.

Are you paying PMI (Private Mortgage Insurance) - find out if you are eligible to file for IRS Tax Deduction here.

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USDA Rural - has 100% financing on homes in specified areas, with minimal Private Mortgage Insurance! At the Website, Select Grants, then Satellite - or call me for help! Sandy 951-232-5566

USDA Rural - has 100% financing on homes in specified areas, with minimal Private Mortgage Insurance! At the Website, Select Grants, then Satellite - or call me for help! Sandy 951-232-5566

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