Private Mortgage Insurance: https://fb.watch/4SyqC4vPu9/ via @FacebookWatch PMI, not a bad idea, allowing consumers to buy & finance a home without the enormous "cost of waiting" to save a large down payment: 5% vs. 20%

Contact me to discuss: 732.500.6883 or

https://JGraff.AdvisorsMortgage.com

https://fb.watch/4SyqC4vPu9/ via @FacebookWatch

Private Mortgage Insurance: PMI It' not a bad thing. PMI allows consumers to buy and finance a home without a large down payment. Yet, sometimes, PMI gets a bad rap, as something to be avoided at all costs. That's not the case.

PMI isn't a bad thing, it's a good thing. Instead of waiting and waiting until the savings account has the magical 20% down amount, the borrowers can put down 5% and take out a PMI policy.

The PMI pays the lender the difference between the down payment and 20%. Without PMI, the borrowers would have to sit on the sidelines for a while and potentially pay more for the home due to appreciation.

Contact me for more information: 732.500.6883 or

https://JGraff.AdvisorsMortgage.com https://fb.watch/4SyqC4vPu9/ via @FacebookWatch