July 17, 2020

Millennials, if you’re thinking about buying a home… just do it.  Buying a home is one of the biggest financial decisions that most of us ever make, so in some ways it makes sense why young people’s first instinct isn’t running to the bank. A data point from the Federal Reserve underscores the differences between […]

June 18, 2020

Nomi Smith draws from personal experience to build diverse team at her company, PMI Rate Pro For years the mortgage industry has been dominated by white males in their mid-forties, but that didn’t stop PMI Rate Pro Founder and CEO, Nomi Smith, from starting her career as a loan officer. Smith, a female immigrant from […]

June 9, 2020

Did you know you can save homebuyers thousands of dollars by presenting them with a single-premium mortgage insurance option? Single-premium private mortgage insurance can save homebuyers thousands of dollars by allowing them to pay for the entirety of their PMI upfront. Most loan officers know PMI as a monthly amount that is added to the […]

June 9, 2020

Homeowners are now able to deduct what they spend on private mortgage insurance (PMI) from their taxes. As a postponed tax season approaches, borrowers will be looking to save in any way they can. See:Interest Rates at Historic Low: Why does PMI Continue to Rise? Here’s the 411: Starting in 2007, borrowers were able to […]

June 9, 2020

Private mortgage insurance rates have skyrocketed as a result of the COVID-19 pandemic. As states start to slowly reopen businesses, there’s a lot of uncertainty when it comes to the economy, especially real estate. While mortgage interest rates are historically low, mortgage insurance (MI) is a different story. Mortgage interest rates aren’t the only thing […]

April 1, 2020

When home-buyers put down 10% or more on their mortgages, financing single premium PMI might make sense.