Private Mortgage Insurance (PMI) Explained – What Buyers Need to Know
If you’re buying a home with less than 20% down, you’ve probably heard the term Private Mortgage Insurance, or PMI. In this video, I break down what PMI is, why lenders require it, how much it typically costs, and how it impacts your monthly payment.
We’ll also cover when PMI can be removed, strategies to reduce or avoid it, and how PMI differs from mortgage insurance. Whether you’re a first-time buyer, relocating, or simply exploring your financing options, understanding PMI can help you make a more confident and informed decision.
If you have questions about PMI or want to discuss the best loan options for your situation—locally or anywhere you’re moving—feel free to reach out.
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