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How Return on Investment Changes Based on How You Pay PMI
Manage episode 438549671 series 3409612
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 Beaverton real estate investor podcast? Book a free consultation to discuss.
140 afleveringen
How Return on Investment Changes Based on How You Pay PMI
Beaverton Real Estate Investing & Real Estate Financial Planning™ Podcast
Manage episode 438549671 series 3409612
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 Beaverton real estate investor podcast? Book a free consultation to discuss.
140 afleveringen
Alle afleveringen
×1 Secrets to House Hacking 1:16:36
1 Secrets to Financing 1:21:01
1 Secrets to Down Payments 1:42:45
1 Secrets to Selecting an Investor-Friendly Real Estate Agent 1:22:12
1 Secrets of Nomad™ Real Estate Investing 1:18:05
1 Secrets of Asset Protection 1:24:19
1 Secrets of Hiring and Managing a Property Manager 1:57:21
1 Secrets of Buy and Hold Real Estate Investing 1:07:21
1 Secrets of Tenant Screening 1:24:01
1 Secrets to Marketing to Find Tenants 1:02:18
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