🏡 Good morning, everyone! It’s Rebecca Gaetz-Bishop from Keller Williams Premier Realty, and today we’re diving into an important topic for homebuyers: Private Mortgage Insurance, commonly known as PMI.
In this video, you’ll learn:
🤝 What is PMI? Understand what Private Mortgage Insurance is and when it’s required.
✅ Pros of PMI: Discover how PMI allows you to buy a home with a lower down payment, making homeownership more accessible.
❌ Cons of PMI: Learn about the additional costs associated with PMI and its implications for your monthly mortgage payment.
✂️ How to Remove PMI: Find out how you can eliminate PMI once you reach 20% equity in your home.
PMI can be a valuable tool for many buyers, but it’s important to understand how it works and the long-term implications.
📞 If you have questions about PMI or need assistance with your real estate needs in Peoria, IL, feel free to reach out!
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