


How a Couple Got Rid of PMI
1 year later… 3 months later… $441 in savings later… I got a call from a couple who said they were referred by their financial advisor and they hoped I could help. They had been trying to get rid of PMI for 2 months. They had called their current lender who said that...
Refinance Means No PMI for this Client
Long time clients of mine (1998) bought a rental property in 2006. We finally think they have 20% equity and decide to refinance. Then a blow… we get a low appraisal … how is that a win? Well, their loan is from 2006 and they do finally have 10% equity not the 20% we...
Two Ways to Avoid PMI. This Answer May Surprise You
If you have less than 20% down, you have to pay PMI. FALSE. There are 2 ways to avoid PMI. One is to do what we called tandem financing or a “piggyback loan.” The first bigger loan is 80% of the price of the home, as if you have 20% down. Then we give you a second...