Two best ways to avoid private mortgage insurance! ✅
1. Make a downpayment over 20% of the home’s purchase price.
2. Request PMI cancellation with your lender once you have built over 20% of the equity in your home!
Why you should avoid PMI!👇
- Significant extra monthly expense to your mortgage payment
- Compromise your borrowing power
- Non-tax deductible
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#RealEstateWisdom #HomeBuyingHacks #PropertyProTips #RealtyInsights #SmartInvestingGuide
https://youtube.com/watch?v=39Vf_fpNVL4
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