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Contenuto fornito da Real Estate Financial Planner LLC and James Orr and James Orr. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Real Estate Financial Planner LLC and James Orr and James Orr o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
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The 3 Strategies to Pay PMI

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Manage episode 402614498 series 3467373
Contenuto fornito da Real Estate Financial Planner LLC and James Orr and James Orr. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Real Estate Financial Planner LLC and James Orr and James Orr o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

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...

Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

  continue reading

136 episodi

Artwork
iconCondividi
 
Manage episode 402614498 series 3467373
Contenuto fornito da Real Estate Financial Planner LLC and James Orr and James Orr. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Real Estate Financial Planner LLC and James Orr and James Orr o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

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...

Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

  continue reading

136 episodi

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