What is PMI on a Mortgage

If you’re wondering what PMI on a mortgage is, you’re in the right place!

Private Mortgage Insurance, or PMI Mortgage Insurance, is something that many first time home buyers have to deal with. In this video, I explain what PMI is, give you an example of what it might cost, and go over how to eventually get rid of it.

Have you ever had to pay PMI? What was your experience like? Let me know in the comments.

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How to Create a Monthly Budget: https://youtu.be/-fkCYOBgCww

More Episodes of Personal Finance Minute: https://www.youtube.com/playlist?list=PLjnmlj1ejHBOBDBcQoZ6ncHl2uVEkxDBg

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