1 rich Libsyn https://www.libsyn.com 90 600 PMI, a good thing! 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 — PMI allows one to buy a home with less than 20% down.&amp;nbsp; The monthly cost fo PMI depends on the home’s 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; Martini Mortgage Podcast http://martinimortgagepodcast.libsyn.com <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> https://assets.libsyn.com/secure/content/66166400