The National Directory of Certified Public Accountants

Ask A CPA - Mortgages & Loans

Can I Avoid Paying Private Mortgage Insurance (PMI)?

Lenders usually require PMI if the mortgage loan is more than 80% of the home's purchase price. If you do not have the standard 20% down payment, there are ways to avoid the PMI. Speak to your local CPA about the 80-10-10 financing plan and other strategies to avoid the PMI.

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