06/12/2026
Let’s demystify PMI aka Private Mortgage Insurance. It’s not fun but it’s not a dealbreaker.
When you put down less than 20%, lenders require PMI to protect themselves in case you default. Here’s the trade-off:
• It helps you buy a home sooner.
• It lowers the upfront cash you need.
• And most importantly, it doesn’t last forever.
Once you build enough equity (usually 20%), PMI can be removed from your monthly payment. It’s a temporary step that helps make homeownership possible, especially for first-time buyers.
Curious how it works with different loans (FHA, VA, Conventional)? Send me a DM and I'll break it down!
