pmi

Should you avoid paying PMI? Tiny house stacked next to coins

PMI: Should You Avoid It at All Costs?

By Aly Yale / October 3, 2019
Posted in ,

If you’re applying for a conventional mortgage loan, you’ll usually need at least 20% down if you want to avoid private mortgage insurance (typically just referred to as PMI). PMI protects the lender if a borrower defaults, and it makes…

Read More
Woman holding a fan of money like a deck of cards

How to Calculate Your Mortgage Payment

By Jon Clark / October 12, 2018
Posted in ,

Buying a home is probably the single largest purchase you’ll ever make in your life, and unless you are independently wealthy, you’ll need to take out a mortgage to help finance the cost to purchase one. For many, the biggest…

Read More
mortgage insurance how to avoid it

What Is Mortgage Insurance? (And How to Avoid it!)

By Jon Clark / September 28, 2018
Posted in

Many people today feel “insurance poor.” But for as poor as we may feel, the reality is that having insurance products to protect your family and assets is a necessity. From car insurance to health insurance and everything in between…

Read More
Credit card held over a credit card reader

How to: Lower Monthly Insurance Premiums

By Aly Yale / June 7, 2018
Posted in

Are you tired of paying an extra $50 a month in mortgage insurance? You’re not alone. The average homeowner pays about $500 every year for MIP — and over the course of their loan life? That means thousands and thousands…

Read More
Loan officer explaining PMI insurance

What Is PMI?

By Aly Yale / February 20, 2018
Posted in

Maybe you’ve heard the term thrown around by your lender or loan officer, you’ve spotted a “PMI” line item on your closing disclosure, or you’re seeing “PMI” on your escrow statements. Whatever the reason, you want to know: what is…

Read More

Tired of Paying PMI? Here’s How to Get Rid of it

By Aly Yale / November 20, 2017
Posted in , ,

If you have an FHA loan or put less than 20 percent down when you bought your home, you’re probably stuck with PMI, or Private Mortgage Insurance. PMI is paid monthly as part of your mortgage payment, but unlike your…

Read More