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What Exactly is PMI or Private Mortgage Insurance?
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You might have heard the term PMI or Private Mortgage Insurance if you're applying for a Conventional Loan and putting down less than 20% down on a home or maybe you're like PMI "What the Heck is That?" either way make sure you watch this video as I explain what it is and how to avoid it.
#DamienLGrant #MortgageMondays #PMI
〰️ Stay Connected With Me 〰️
Damien L. Grant Lending Team, FYMTV, PMI, Private Mortgage Insurance, Mortgage Insurance, First Time Home Buyers, Refinance, Mortgage Broker, Damien L. Grant, CARES ACT, Mortgage Rates, Mortgage Questions, Financial Advice, Financial Tips, Home Financing, Mortgage Terms, Refinance, FHA Loans, Conventional Loans, VA Loans, Fannie Mae, Freddie Mac, GSE, Refinance Fee
In This Video:
0:00 A Intro To understanding PMI or Private Mortgage Insurance
0:37 What is PMI and How it works?
1:01 Why Do you Need Mortgage Insurance
1:27 Types of PMI options
2:57 How to Cancel PMI
3:35 How To Avoid PMI
4:19 10 step guide on the do's and don'ts before applying
#DamienLGrant #MortgageMondays #PMI
〰️ Stay Connected With Me 〰️
Damien L. Grant Lending Team, FYMTV, PMI, Private Mortgage Insurance, Mortgage Insurance, First Time Home Buyers, Refinance, Mortgage Broker, Damien L. Grant, CARES ACT, Mortgage Rates, Mortgage Questions, Financial Advice, Financial Tips, Home Financing, Mortgage Terms, Refinance, FHA Loans, Conventional Loans, VA Loans, Fannie Mae, Freddie Mac, GSE, Refinance Fee
In This Video:
0:00 A Intro To understanding PMI or Private Mortgage Insurance
0:37 What is PMI and How it works?
1:01 Why Do you Need Mortgage Insurance
1:27 Types of PMI options
2:57 How to Cancel PMI
3:35 How To Avoid PMI
4:19 10 step guide on the do's and don'ts before applying
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