Home values are still on the rise.
Bidding wars are expected. Be prepared.
With the current market, Mortgage Insurance (MI) could be the advantage you need to purchase your dream home or refinance your existing mortgage.
Typically, homeowners try to avoid the added expense of mortgage insurance (previously referred to as Private Mortgage Insurance or PMI.) For some, it could work to their benefit. A lower down payment with MI could help you qualify for a higher loan amount. It may even be 100% tax-deductible!*
Watch the short video above to find out how PMI increases your buying power. Let’s take a look at the advantages and how a 5% down payment could help you qualify for 4x more from the chart below:
Contact our mortgage specialists today if you are ready to explore your mortgage options!