Real Estate Matters with Tim Bro
Private Mortgage Insurance – Do You Really Need It?
The answer is yes if you can’t or don’t want to put 20 percent down. PMI protects a lender from borrower defaults. It enables you to buy a home sooner and perhaps buy more home. PMI also allows you to choose from a wider variety of loan types, including ARMS, and 15-year Fixed Rate, all with a lower down payment.
Have a question, call your favorite realtor, Tim Bro @ 858-354-2354, “The Right Choice in Real Estate”. BRE #01224576