Переходьте в офлайн за допомогою програми Player FM !
The 3 Strategies to Pay PMI
Manage episode 402574305 series 3467131
The 3 Strategies to Pay Private Mortgage Insurance (PMI)
Whether they're putting 15% down and buying a non-owner-occupied property or utilizing an owner-occupied loan with 0%, 3%, 3.5%, or 5% down for Nomading™ or house hacking, some real estate investors will choose to put less than 20% down. With the decision to put less than 20% down comes the choice of how to pay for private mortgage insurance (PMI).
There are three options (plus some combinations of the three options): up-front lump sum, lender-paid, and monthly. And, as you might have guessed, there are pros and cons to each option.
In this mini-class, James will cover the three options and go over the pros and cons of each.
Check out the video from this class here:
The 3 Strategies to Pay Private Mortgage Insurance - Video
In this class, James discusses:
- What is Private Mortgage Insurance (PMI) and why does it exist?
- Paying PMI with a single, upfront, lump-sum payment
- Voluntarily increasing your mortgage interest rate and having the lender pay for PMI
- Paying PMI monthly
- The pros and cons of utilizing each strategy
- Plus much more...
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Chula Vista real estate investor podcast? Book a free consultation to discuss.
145 епізодів
The 3 Strategies to Pay PMI
Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast
Manage episode 402574305 series 3467131
The 3 Strategies to Pay Private Mortgage Insurance (PMI)
Whether they're putting 15% down and buying a non-owner-occupied property or utilizing an owner-occupied loan with 0%, 3%, 3.5%, or 5% down for Nomading™ or house hacking, some real estate investors will choose to put less than 20% down. With the decision to put less than 20% down comes the choice of how to pay for private mortgage insurance (PMI).
There are three options (plus some combinations of the three options): up-front lump sum, lender-paid, and monthly. And, as you might have guessed, there are pros and cons to each option.
In this mini-class, James will cover the three options and go over the pros and cons of each.
Check out the video from this class here:
The 3 Strategies to Pay Private Mortgage Insurance - Video
In this class, James discusses:
- What is Private Mortgage Insurance (PMI) and why does it exist?
- Paying PMI with a single, upfront, lump-sum payment
- Voluntarily increasing your mortgage interest rate and having the lender pay for PMI
- Paying PMI monthly
- The pros and cons of utilizing each strategy
- Plus much more...
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Chula Vista real estate investor podcast? Book a free consultation to discuss.
145 епізодів
All episodes
×![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets to Paperwork to Buy and Sell 1:03:51
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets of Analyzing Deals 1:20:19
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets of Flipping Properties 1:02:08
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets of Bookkeeping 57:05
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets of Return on Investment 55:39
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets to House Hacking 1:16:43
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets to Financing 1:21:08
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets to Down Payments 1:42:51
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets to Selecting an Investor-Friendly Real Estate Agent 1:22:19
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets of Retirement Catch-Up 54:45
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets of Nomad™ Real Estate Investing 1:18:11
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets of Asset Protection 1:24:26
![Chula Vista Real Estate Investing & Real Estate Financial Planning™ Podcast podcast artwork](/static/images/64pixel.png)
1 Secrets of Hiring and Managing a Property Manager 1:57:27
Ласкаво просимо до Player FM!
Player FM сканує Інтернет для отримання високоякісних подкастів, щоб ви могли насолоджуватися ними зараз. Це найкращий додаток для подкастів, який працює на Android, iPhone і веб-сторінці. Реєстрація для синхронізації підписок між пристроями.