How Return on Investment Changes Based on How You Pay PMI

How Return on Investment Changes Based on How You Pay PMI

29:23 Sep 6, 2024
About this episode
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. Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:https://RealEstateFinancialPlanner.com/spreadsheetImprove Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Newport News real estate investor podcast? Book a free consultation to discuss.
Select an episode
0:00 0:00