Vinson Bunting
speaker
181 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Vinson Bunting’s voice in public audio — every appearance, attributed to the second.
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Appearances
Even though adjustable rate mortgages typically have a slightly lower interest rate initially –
You don't know what rates are going to be like in five or seven or however many years.
Come on, man.
So with a conventional loan, if you put 20% down, you do avoid private mortgage insurance.
Most people refer to PMI, which is great.
It can save you a ton of money on a monthly basis.
Yeah.
It's essentially, you pay it as part of your monthly payment.
It's insurance that protects the lender in case you default on your loan.
Okay.
Okay.
Because you're not putting as much in.
Because you're not putting as much down.
Got it.
Now, with that said, PMI, if you put 19% down, your PMI is going to be pretty minimal.
So there's not a huge difference there.
It's when you start to put 5% or less down, that PMI can really hit you on a monthly basis.
I would.
Yeah.
Right.
Showing 41–60 of 181 · page 3 of 10
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