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The 3 Strategies to Pay PMI
Manage episode 402580207 series 3467123
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 Cape Coral real estate investor podcast? Book a free consultation to discuss.
140 bölüm
The 3 Strategies to Pay PMI
Cape Coral Real Estate Investing & Real Estate Financial Planning™ Podcast
Manage episode 402580207 series 3467123
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 Cape Coral real estate investor podcast? Book a free consultation to discuss.
140 bölüm
Tüm bölümler
×1 Secrets to Getting Your First Deal Done 50:55
1 Secrets of Return on Investment 55:36
1 Secrets to House Hacking 1:16:40
1 Secrets to Down Payments 1:42:49
1 Secrets to Selecting an Investor-Friendly Real Estate Agent 1:22:16
1 Secrets of Retirement Catch-Up 54:43
1 Secrets of Nomad™ Real Estate Investing 1:18:09
1 Secrets of Asset Protection 1:24:23
1 Secrets of Hiring and Managing a Property Manager 1:57:25
1 Secrets of Overcoming Tenant Challenges 52:25
1 Secrets of Buy and Hold Real Estate Investing 1:07:25
1 Secrets of Property Management 59:30
1 Secrets of Tenant Screening 1:24:05
1 Secrets to Marketing to Find Tenants 1:02:22
1 Secrets of the 7 Ways to Invest in Real Estate 1:21:05
1 Warning - Risks of Missed Inspection Issues When Investing in Real Estate 34:55
1 How Return on Investment Changes Based on How You Pay PMI 29:24
1 Warning - Risks of Interest Rates Rising When Investing in Real Estate 47:17
1 Warning - Risks of Tenants Trashing Properties When Investing in Real Estate 45:09
1 How to Analyze an All-Cash Rental Property Purchase 1:13:23
1 Haunted Houses or Hidden Treasures? Decoding Stigmatized Real Estate 24:52
1 Real Estate Investing Through Massive Foreclosure Periods 51:13
1 Deal Alchemy™ - Debt Paydown to Cash Flow 25:20
1 Tax Deductibility of PMI Payments 14:21
1 Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It! 31:04
1 How to Analyze an All-Cash Rental Property Purchase 1:08:49
1 How Return on Investment Changes Based on Credit Score With PMI 41:51
1 Is It Better to Buy Rentals with 25% Down or All Cash After Buying an Owner-Occupant? 31:24
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