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How Return on Investment Changes Based on How You Pay PMI
Manage episode 438981929 series 3467153
Indhold leveret af Real Estate Financial Planner LLC and James Orr and James Orr. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Real Estate Financial Planner LLC and James Orr and James Orr eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
If you're going to put less than 20% down when buying a property, the lender is likely to require that you pay private mortgage insurance (PMI) to protect them in case you default on the loan.
This usually applies to Nomads™, house hackers, and investors putting 15% down to acquire non-owner-occupant properties.
There are 3 ways to pay PMI:
- Monthly
- Get the lender to pay it by raising the interest rate
- One-time, upfront, lump sum
But of those three options, which gives you the best return in dollars?
Which gives you the best return on investment?
Find out in this class.
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https://RealEstateFinancialPlanner.com/spreadsheet
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