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Assurance Financial
APRIL 29, 2021
You’d also have to make private mortgage insurance payments on the loan until you’d paid off 20% of its value. Your equity would jump to $25,000 if you made a down payment of 10%, and your monthly private mortgage insurance payments would drop. Add on to the home: Size matters when it comes to home value.
Assurance Financial
NOVEMBER 9, 2021
In some cases, you may have to take out several loans or pay for something called private mortgage insurance (PMI). Read on to learn more about how private mortgage insurance can allow you to purchase a home, even if you don’t have enough resources to make a standard down payment. What Is PMI? Is PMI Good or Bad?
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