Tag: PMI

Posted on 08/23/2020
PMI - What It Is and Why It's Important
Photo by Gino Crescoli via Pixabay Private Mortgage Insurance (PMI) may be a common term in home buying, but not every home buyer understands exactly what it will mean for their finances. This short guide will give you the basics, so there are fewer surprises down the line. What Is PMI? PMI is a type of insurance that...
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Posted on 12/15/2019
How To Avoid Private Mortgage Insurance (PMI)
You can ask any homeowner-buying and owning a home is expensive. Mortgage payments, property taxes, utilities, and other bills quickly add up. If you want to buy a home but don’t have a large down payment saved, odds are you’ve discovered something called private mortgage insurance (PMI). PMI is an extra monthly payment that you make (on top of...
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