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!