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How Return on Investment Changes Based on How You Pay PMI
Manage episode 438502335 series 3467344
Konten disediakan oleh Real Estate Financial Planner LLC and James Orr and James Orr. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Real Estate Financial Planner LLC and James Orr and James Orr atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
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.
Looking to buy or sell property in Lincoln, NE? Call Jake Grenemeier of Clover Real Estate Services with Next Home Integrity at (402) 302-0088. Or, check out his website at www.Clover.RealEstate or email him at Jake@Clover.RealEstate. Jake specializes in helping real estate investors in and around Lincoln.
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