))
How Return on Investment Changes Based on How You Pay PMI
Manage episode 438561251 series 3467169
Contenu fourni par Real Estate Financial Planner LLC and James Orr and James Orr. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Real Estate Financial Planner LLC and James Orr and James Orr ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
If you're going to put less than 20% down when buying a property, the lender is likely to require that you pay private mortgage insurance (PMI) to protect them in case you default on the loan.
This usually applies to Nomads™, house hackers, and investors putting 15% down to acquire non-owner-occupant properties.
There are 3 ways to pay PMI:
- Monthly
- Get the lender to pay it by raising the interest rate
- One-time, upfront, lump sum
But of those three options, which gives you the best return in dollars?
Which gives you the best return on investment?
Find out in this class.
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 Surprise real estate investor podcast? Book a free consultation to discuss.
131 episodes
Partager
