{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"PMI, a good thing!","description":"Private Mortgage Insurance (a.k.a. PMI) is a good thing!&amp;nbsp; Without PMI a 20% does payment would be required to secure a conforming home loan \u2014 PMI allows one to buy a home with less than 20% down.&amp;nbsp; The monthly cost fo PMI depends on the home\u2019s value, the amount of your down payment and your credit score.&amp;nbsp; Once you have built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.&amp;nbsp; That is correct, one can purchase a home with less than 20% down and PMI&amp;nbsp; in cancellable.&amp;nbsp; &amp;nbsp; Kevin Martini | NMLS ID 143962 | Senior Mortgage Strategist &amp;amp; Branch Manager | Martini Mortgage Group at Benchmark Mortgage | Ark-La-Tex Financial Services, LLC NMLS ID 2143 | 223 S West Street, Suite 900 Raleigh, NC 27603 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity&amp;nbsp; ","author_name":"Martini Mortgage Podcast","author_url":"http:\/\/martinimortgagepodcast.libsyn.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/13362584\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/66166400"}