Learn effective tips to eliminate or avoid mortgage insurance on a conventional loan. Save for a larger down payment, refinance to drop PMI, and request PMI cancellation at 80% mortgage paydown. Watch now and save money on your home loan. #MortgageTips #PMIavoidance #ConventionalLoan #HomeLoanSavings #MortgageRefinance #MortgageTips2021 #Homeownership #FinanceAdvice #SmartInvesting #MortgageHacks

Discover the significance of mortgage insurance and how it enables lenders to provide loans with smaller down payments, expanding homeownership opportunities. Delve into the two main types of mortgage insurance: PMI (Private Mortgage Insurance) for conventional loans and MIP (Mortgage Insurance Premium) for FHA loans. Gain a comprehensive understanding of its impact on loan approval […]