Private Mortgage Insurance - Do You Really Need It

Real Estate

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

 

 

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