ZABE Smart Mortgage Podcast

When is the Right Time to Cancel PMI

July 15, 2022 ZABE Mortgage Group Season 1 Episode 12
When is the Right Time to Cancel PMI
ZABE Smart Mortgage Podcast
More Info
ZABE Smart Mortgage Podcast
When is the Right Time to Cancel PMI
Jul 15, 2022 Season 1 Episode 12
ZABE Mortgage Group

Private Mortgage Insurance (PMI) is required by lenders on most home loans to protect themselves if a home buyer defaults on their loan. However, there will come a point when you have a choice to cancel PMI (depending on your loan terms).

 

Canceling (PMI) can save you money and help you build equity in your home. Although canceling PMI can be a good financial decision, you should make this choice after carefully considering the details.

 

We answer these questions and more in this episode of the ZABE Smart Mortgage Podcast with Jeremy Goodson from Essent.

 

We'll be back for another episode of the ZABE Smart Mortgage Podcast!

 

We believe that homeownership should be a positive experience, and we want to help you achieve your financial goals by offering professional assistance through all stages of the home buying process. Give us a call at (559) 664-1930!

Show Notes

Private Mortgage Insurance (PMI) is required by lenders on most home loans to protect themselves if a home buyer defaults on their loan. However, there will come a point when you have a choice to cancel PMI (depending on your loan terms).

 

Canceling (PMI) can save you money and help you build equity in your home. Although canceling PMI can be a good financial decision, you should make this choice after carefully considering the details.

 

We answer these questions and more in this episode of the ZABE Smart Mortgage Podcast with Jeremy Goodson from Essent.

 

We'll be back for another episode of the ZABE Smart Mortgage Podcast!

 

We believe that homeownership should be a positive experience, and we want to help you achieve your financial goals by offering professional assistance through all stages of the home buying process. Give us a call at (559) 664-1930!