mollyMarieMaguire

🔍📋 Let’s dive into Private Mortgage Insurance (PMI)! What is it? 🏠 PMI is insurance that protects the lender if you can’t make your mortgage payments. It’s usually required if your down payment is less than 20%. Tips & Tricks: 💡 Increase your down payment to 20% to avoid PMI. 💡 Improve your credit score to get better PMI rates. 💡 Consider lender-paid PMI options, where the cost is included in your interest rate. Who Should Consider? 🤔 First-time buyers with limited down payment funds. 🤔 Buyers looking to enter the market sooner rather than later. Understanding PMI can help you make smarter home-buying decisions. Got questions? Drop them below! 💬🏡 #PMIExplained #HomeBuying Tips #Expert Advice