Home Buyer LoopHole: 👉 No PMI 👉 Small Down Payment 👉 Lowers Monthly Payments!

Описание: Home Buyer LoopHole!

👍No PMI
👍Small Down Payment
👍Lower Monthly Payments

Did you know there's a way to buy a house with a small down payment, get a lower monthly payment, and without having to pay monthly PMI?

It's called a "single pay mortgage insurance," and it can lower your monthly payments and enable you to qualify for more, allowing you to afford a better home.

Here's how it works: Let's say you're buying a $450,000 home, and you're putting down 5%, which is $22,500. Now, depending on your credit, with a typical conventional loan, you might pay between $140 to $240 each month for PMI or mortgage insurance.

But here's the loophole: You can choose to pay a one-time premium, about $7,500, in the beginning at closing. This will get rid of the monthly PMI payments.

When you make an offer to buy a home, you can negotiate for the seller to help cover the one-time premium cost and if the seller agrees, it’s a smart way to get a lower payment, avoid PMI and get into the home you desire.


My name is Kelvin Chao with Beyond Home Realty.

Feel free to reach out to me with any questions about home buying or selling. Make it a great day!

Kelvin Chao I 425-310-2033
Residential R/E Consultant I Since ‘04
Beyond Home Realty I Renton, WA

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