Many mortgage loan programs today allow homebuyers to use less than a 20% down payment when buying a house. When you do this, you are often required to pay Private Mortgage Insurance (PMI). This increases your mortgage payment slightly. Here are three reasons why PMI is actually a huge benefit to you:
Residential Mortgage Loan Originator
Capstar Lending, LLC
6836 Austin Center Blvd #110,
Austin, Texas 78731
Corporate NMLS: 214411
Capstar Lending, LLC NMLS 214411 (www.nmlsconsumeraccess.org) 6836 Austin Center Blvd #110; Austin TX 78731 512-459-2400. Capstar Lending, LLC is an Equal Housing Lender. This is not an offer to enter into an agreement. Information, rates and fees are subject to change without prior notice. Loan approval is subject to applicant's qualification for a loan program. All products are subject to credit and property approval. Capstar Lending, LLC is not affiliated with any government agency. Intended for Texas consumers only, Texas- SML Mortgage Banker Registration. Residential Mortgage Loan Originator.
PLEASE NOTE: This article is provided for illustrative purposes only. It is not an offer or commitment to lend you money, and it is not an advertisement for a specific mortgage or a specific interest rate. Contact me to run the numbers for your situation.
Source: CMPS Institute
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