Why You DON’T Need 20% Down: How PMI Empowers First-Time Homebuyers
I ❤️ PMI! Are you waiting years to save 20% for a down payment? In this video, I bust the myth that you need 20% down to buy a home. Discover why Private Mortgage Insurance (PMI) can be your best friend—and how it allows first-time buyers to get into a home with as little as 10% down.
What you’ll learn:
– PMI 101: What Private Mortgage Insurance really is and why lenders require it.
– Real-World Example: A $900,000 home with 20% vs. 10% down—compare monthly payments and total upfront cash needed.
– Equity Growth: How a 3% annual appreciation can generate more equity in 5 years than you’d save for that extra 10% down.
– PMI Removal Strategies: Why PMI doesn’t just “fall off” at 2 years—and how to get it removed sooner through appreciation, refinancing, or principal pay-downs.
Why Watch?
– Stop letting outdated internet advice hold you back.
– See the numbers side-by-side and make an informed decision.
– Get actionable tips to qualify for homeownership faster.
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