How To Avoid Paying Private Mortgage Insurance

Want to buy a home without paying Private Mortgage Insurance (PMI)? 🏠💸 Paying extra for PMI can add hundreds to your monthly mortgage payment, but there are strategies to avoid it—even if you don’t have a 20% down payment.

In this video, I’ll break down three ways to skip PMI and save money:
1️⃣ Lender-Paid Mortgage Insurance (LPMI) – Eliminate PMI in exchange for a slightly higher interest rate.
2️⃣ Piggyback Mortgage – Use a second loan to cover part of your down payment and avoid PMI.
3️⃣ Zero-Down Loan Options – Qualify for VA or USDA loans, which don’t require PMI if you meet eligibility requirements.

Knowing these strategies can help you reduce monthly expenses, keep more money in your pocket, and make your homebuying journey smoother. Even if you can’t put 20% down, avoiding PMI is possible with the right plan!

🙌 If you found this video helpful, don’t forget to give it a👍thumbs up, and follow so you never miss more tips to help you reach your homeownership goals!

#MortgageHacks #HomebuyingTips #PrivateMortgageInsurance #PMI #VALoan #USDALoan #MortgageBrokerVideos #GrandpaMortgage #EmpireHomeLoans #HomeLoanLee