What is PMI? #shorts

PMI (Private Mortgage Insurance) is a type of mortgage insurance that buyers are typically required to pay for a conventional loan when they make a down payment that is less than 20% of the home’s purchase price. ⁣⁣

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PMI is designed to protects the lender’s investment in case you fail to repay your mortgage.⁣⁣
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One reason why the VA loan is one of the best is because it does not carry PMI despite its low downpayment criteria. 🇺🇸⁣⁣
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Send this to someone you know that likes pizza and real estate. 🍕 ⁣⁣
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#estateofgrace #pizzaboyzzz #pmi #realtorhumor #realtormeme #pmi #deliveryboy #krysbenyamein #estateofgrace #Valoan