August 21, 2013

Avoiding PMI when you buy a home should be a high priority. What is PMI and how do you avoid paying it?

2 thoughts on “August 21, 2013”

  1. Katherine Graham says:

    PMI is Private Mortgage Insurance. You avoid paying PMI by having a down payment of 20% of the price of the home set aside.

  2. Mike Finley says:

    Right again, Katherine. DO NOT pay PMI, folks. If you don’t have the required down payment, WAIT until you do. PMI is simply money thrown down a drain as you try to squeeze into a home you are not financially ready for. It’s that simple. Don’t complicate matters. Keep renting, keep saving, and one day you will have the required amount needed to avoid PMI.

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