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  • Writer's pictureTeam Wenrich

PMI .. What Is It? Do I Have It? Can I Get Rid Of It? Eliminating PMI Can Save You $ !!


  • Finance with a conventional loan and only pay PMI until your loan balance drops to 80% of the purchase price – Even if you can’t afford a 20% down payment initially, if you are able to afford a conventional loan you only have to pay PMI on the loan balance until you achieve 20% equity in your home.

  • Once you achieve 20% equity in your home - Then your payments will drop substantially since you don’t have to pay PMI insurance each month.

  • If you are able to remove PMI - You could also consider continuing to pay the original amount each month and now the money you WERE paying for PMI can go directly to your loan balance. This would be a smart move since you will pay your loan balance off much sooner with less interest costs.

CALL US TODAY WITH ANY QUESTIONS REGARDING PMI, OR GENERAL REAL ESTATE QUESTIONS YOU MAY HAVE!!




‘Where you live is OUR business’

Whether you are looking to BUY, SELL OR INVEST in Real Estate,

let Team Wenrich guide you through your home buying/selling process.

Call Matt today 813-955-4599 matt@teamwenrich.com teamwenrich.com Keller Williams Suburban Tampa #teamwenrichsellstampa #whereyouliveisourbusiness





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