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The 3 Strategies to Pay PMI
Manage episode 402618245 series 3409640
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...
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Arvada real estate investor podcast? Book a free consultation to discuss.
142 episoder
Manage episode 402618245 series 3409640
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...
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Arvada real estate investor podcast? Book a free consultation to discuss.
142 episoder
Semua episod
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1 Secrets to Getting Your First Deal Done 50:51
1 Secrets to Selecting an Investor-Friendly Real Estate Agent 1:22:12
1 Secrets of Nomad™ Real Estate Investing 1:18:05
1 Secrets of Hiring and Managing a Property Manager 1:57:21
1 Secrets of Overcoming Tenant Challenges 52:21
1 Secrets of Buy and Hold Real Estate Investing 1:07:21
1 Secrets to Marketing to Find Tenants 1:02:18
1 Secrets of the 7 Ways to Invest in Real Estate 1:21:01
1 Warning - Risks of Missed Inspection Issues When Investing in Real Estate 34:51
1 How Return on Investment Changes Based on How You Pay PMI 29:20
1 Warning - Risks of Interest Rates Rising When Investing in Real Estate 47:13
1 Warning - Risks of Tenants Trashing Properties When Investing in Real Estate 45:05
1 How to Analyze an All-Cash Rental Property Purchase 1:13:19
1 Haunted Houses or Hidden Treasures? Decoding Stigmatized Real Estate 24:48
1 Real Estate Investing Through Massive Foreclosure Periods 51:09
1 Deal Alchemy™ - Debt Paydown to Cash Flow 25:16
1 Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It! 31:00
1 How to Analyze an All-Cash Rental Property Purchase 1:08:45
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