• How Return on Investment Changes Based on How You Pay PMI

  • Sep 6 2024
  • Length: 29 mins
  • Podcast

How Return on Investment Changes Based on How You Pay PMI

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  • Summary

  • 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:

    1. Monthly
    2. Get the lender to pay it by raising the interest rate
    3. 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.


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