Private Mortgage Insurance
PMI allows you to finance a home with less than 20% down
payment. For an extra monthly cost to you, PMI provides default
insurance to the lender.
Thinking of saving more to avoid PMI? Accumulating tens or even
hundreds of thousands of dollars for a down payment is challenging
for the most industrious savers. Delaying a purchase while rates and
prices rise may be more costly than PMI in the long run.
PMI allows you to buy what you want now vs. what could end up
being far less of a home after you’ve managed to save a larger
down payment.
Reach out today to see if you might be ready to buy with a little
help from PMI.
