10/12/2026
Did you know that home value appreciation combined with extra payments on principle can help you expedite reaching 20% equity and eliminate the need for Private Mortgage Insurance? Learn more about PMI here.
Buyers who put less than 20 percent down on a home might find themselves with a higher-than-expected monthly payment. The extra money, which often takes first-time homebuyers by surprise, is for private mortgage insurance. What is PMI and why does the lender require it? Lender’s risk. When a borro...