Episode #256 - PMI is a Good Thing with Guest Sharon Knowles of Arch MI

Published: March 19, 2022, 7 p.m.

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On this episode of Open House, Reba and Eric welcome guest Sharon Knowles of Arch Mortgage Insurance to provide her expertise on the subject of PMI (Private Mortgage Insurance), and its importance in qualifying for certain kinds of loans.

You\\u2019ll learn:\\xa0

-\\xa0 \\xa0 \\xa0 \\xa0 How PMI can make the difference in qualifying for a loan

-\\xa0 \\xa0 \\xa0 \\xa0 The relationship between PMI and down payment.

-\\xa0 \\xa0 \\xa0 \\xa0 Factors for determining how expensive your PMI is.

-\\xa0 \\xa0 \\xa0 \\xa0 The conditions that allow you to drop your PMI.

-\\xa0 \\xa0 \\xa0 \\xa0 Ways to adjust PMI to lower your mortgage payments.

-\\xa0 \\xa0 \\xa0 \\xa0 The variety of options for financing PMI.

-\\xa0 \\xa0 \\xa0 \\xa0 The difference between PMI and Credit Life/Credit Disability Insurance.

Plus, Reba and Eric discuss the current tumultuous market dynamics, and leveraging them to your financial advantage, as well as best practices for making a winning offer. \\xa0

So if you think PMI is just a monthly headache, tune in to this episode and get some much needed relief.

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