What Exactly is PMI or Private Mortgage Insurance?

You might have heard the term or if you’re applying for a Conventional Loan and putting down less than 20% down on a home or maybe you’re like PMI “What the Heck is That?” either way make sure you watch this video as I explain what it is and how to avoid it.

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Damien L. Grant Lending Team, FYMTV, PMI, Private Insurance, Mortgage Insurance, First Time Home Buyers, Refinance, Mortgage Broker, Damien L. Grant, CARES ACT, Mortgage Rates, Mortgage Questions, Financial Advice, Financial Tips, Home Financing, Mortgage Terms, Refinance, FHA Loans, Conventional Loans, VA Loans, Fannie Mae, Freddie Mac, GSE, Refinance Fee

In This Video:
0:00 A Intro To understanding or
0:37 What is and How it works?
1:01 Why Do you Need Insurance
1:27 Types of options
2:57 How to Cancel
3:35 How To Avoid PMI
4:19 10 step guide on the do’s and don’ts before applying

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