🎧 The 3 Strategies to Pay PMI

New To Podcast This Week - Over 85,000 Total Downloads*

What are the 3 different strategies for paying Private Mortgage Insurance, PMI, when buying properties with less than 20% down payment? What are the pros and cons of each?

Whether they're putting 15% down and buying a non-owner-occupied property or utilizing an owner-occupied loan with 0%, 3%, 3.5%, or 5% down for Nomading™ or house hacking, some real estate investors will choose to put less than 20% down. With the decision to put less than 20% down comes the choice of how to pay for private mortgage insurance (PMI).

There are three options (plus some combinations of the three options): up-front lump sum, lender-paid, and monthly. And, as you might have guessed, there are pros and cons to each option.

In this mini-class, James will cover the three options and go over the pros and cons of each.

Included In This Class

• What is Private Mortgage Insurance (PMI) and why does it exist?

• Paying PMI with a single, upfront, lump-sum payment

• Voluntarily increasing your mortgage interest rate and having the lender pay for PMI

• Paying PMI monthly

• The pros and cons of utilizing each strategy

• Plus much more...

How to Access in 3 Easy Steps

1. Click here to select your city from the list

2. Click on the PODCAST button next to your city.

3. Select your preferred podcast player (Apple, Spotify, etc) and subscribe for free.

Enjoy!

Love,

James Orr

*As of February 23, the total number of downloads across all Real Estate Financial Planner™ city-specific real estate investing podcasts for all episodes over all-time is over 85,819.