What is PMI? Breaking it down
Often, a new real estate investor will start their investing as a “house hacker” with low interest FHA loans that only require 3.5% down. This is a great opportunity to get started with very little cash, fix up a property and begin leveraging their real estate holdings. However, as many loan applicants realize, along with the low down payment and low interest is a requirement that they must carry private mortgage insurance or…

