Getting Rid of PMI

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[robertcolon]

I want to take a minute to thank you so much for all your help with your video s I been watching most of your videos for like 3 years now and thanks to your videos I got my house last year and now I want to get the pmi out of my mortgage payment god bless you and your family

[twblass]

Excellent and helpful information! I appreciate how you clearly explain topics for homeowners to understand. Just finished submitting my request for PMI cancellation! Fingers crossed!

[niokascott]

Awesome video. Thanks for the information.

[elizabethv]

Hello Ms. Shaheedah, thank you for making these very informative videos. I just subscribed! I you don’t mind I had a question of this PMI. Does the homeowner pay for the appraisal to be done or the banks does it free of charge?

[riacalderon]

Hi, I have a conventional loan closing next month. Appraisal by comparison is just the same as purchase rate but cost approach appraisal is 8% higher than purchase price. If I have 8% equity & put 12% downpayment, does that give me a loan to value of 80%? Is it possible to get rid of pmi upfront before closing?

[prudentmom]

You're awesome ! Any videos on down payment assistance programs? I am a single mom teying to purchase my first home. I don't want an FHA loan but can't afford 20 percent down payment

[lachandadonehue]

@Shaheedah Hill on PMI, so you can not pay 1.75% of your home value at closing to get rid of your PMI on you monthly mortgage?

[ChaplainAmy]

What if you buy a house with 20 percent equity

[Stephaniesworld]

Hi Mrs. Hill, if I am doing a usda guaranteed loan will my interest rate be high? And will i still have to pay a pmi? Also with the current market, can I ask the seller to cover some of the closing cost? Or should I put the 3-4% of the listing price (closing cost) down myself? I am looking for something between $250, 000 to $315, 000. I have not been approved yet, I am just getting all this free knowledge from your helpful video’s. Thank you and God Bless you.

[holylambmedia]

Wow just wow my stress was high on having to save $24, 000 I two years on $120, 000 home on a modest chef salary and two small children and a wife, 10% us more a safe option, what do you think about 401k loans, fidelity has a special loan for home purchases and right now I could get $10, 000 to $13, 000 loan from 401k and do additional saving for a rainy day fund for repairs if needed or having a privacy fence built

[geniecechambers]

Your videos have made this home buying process so much easier. Thank you. I've watched every video. Is it true that PMI is not required with a usda or rural development loan?

[MsHumbleStar]

What type of mortgage did you have? Since it's difficult to get rid of the PMI With a FHA loan. Isnt it a requirement to put 20% on a conventional loan?

[januarytwentyseven]

Hi Mrs Hill,

Thank you for the valuable information, I'm learning. Do you answer questions via private email? If so will you please send me your email address.