Understanding PMI Insurance Cancellation Letter Requirements
Understanding PMI Insurance Cancellation Letter Requirements
Jan 3, 2025
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Jan 15, 2025
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How To Avoid Mortgage Insurance (PMI) 🤫 Unfortunately, there is no way to avoid mortgage insurance when you’re putting less than 20% down. You’re either paying it as a monthly fee, or by taking a higher interest rate. With that, don’t look as mortgage insurance as a bad thing, but rather the cost of doing business because without it, you wouldn’t be in a position to buy a home Yes, it’s not ideal to have mortgage insurance, but as you pay down the principal balance, and your home appreciates, y
1:24
How To Avoid Mortgage Insurance (PMI) 🤫 Unfortunately, there is no way to avoid mortgage insurance when you’re putting less than 20% down. You’re either paying it as a monthly fee, or by taking a higher interest rate. With that, don’t look as mortgage insurance as a bad thing, but rather the cost of doing business because without it, you wouldn’t be in a position to buy a home Yes, it’s not ideal to have mortgage insurance, but as you pay down the principal balance, and your home appreciates, y
154 viewsFeb 19, 2024
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Courtney Richardson on Instagram: "Is your home actually protected? 🏠🤔 A lot of people confuse PMI with home protection. Let’s clear it up: ❌ PMI: Protects the lender if you default. ✅ Disability Insurance: Protects your ability to pay the mortgage. ✅ Term Life: Protects your family from inheriting debt. ✅ Emergency Fund: Protects you from “life happens” moments. You can’t always avoid PMI but with these tools you can protect yourself. #homeownershipgoals #moneytips #wealthprotection"
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