How Return on Investment Changes Based on How You Pay PMI

06/09/2024 29 min Episodio 121
How Return on Investment Changes Based on How You Pay PMI

Listen "How Return on Investment Changes Based on How You Pay PMI"

Episode Synopsis


If you're going to put less than 20% down when buying a property, the lender is likely to require that you pay private mortgage insurance (PMI) to protect them in case you default on the loan.

This usually applies to Nomads™, house hackers, and investors putting 15% down to acquire non-owner-occupant properties.

There are 3 ways to pay PMI:


Monthly
Get the lender to pay it by raising the interest rate
One-time, upfront, lump sum


But of those three options, which gives you the best return in dollars?

Which gives you the best return on investment?

Find out in this class.
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