What Is Pmi and How Can I Avoid It?

If you are new to the home-buying process, you might not be familiar with the term PMI. When you get a mortgage to buy a house, you'll more than likely have to pay for mortgage insurance. PMI, or private mortgage insurance, is a type of mortgage insurance that is required for traditional loan borrowers who make low down payments on their property. Listen to our mini-episode to learn how you can avoid paying this extra expense each month.  Host: David Amiot, CFP®, CRPC®David began working in the financial field in college as a teller for a local credit union. Once he graduated with a BBA in Finance, he began work with Fidelity Investments in their contact center in 2013 where he obtained his FINRA Series 7 and 63 securities licenses. Two years later, David transitioned to the Lone Tree branch of Fidelity where he had the opportunity to help clients face-to-face with nearly all their investment needs. While here, he obtained his Series 66, Life Insurance license, CFP® certification, and CRPC® designation.David joined Summit in February of 2018 with the purpose of helping clients successfully prepare for retirement, as well as any other financial endeavor they may value. His goal is to accomplish this through careful planning, eliminating financial stress along the way.Summit Wealth Group | Facebook | LinkedIn | YouTube | Twitter (719) 633-4033 | 13710 Struthers Road, Suite 115, Colorado Springs, CO 80921 Securities and Advisory Services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network.Thanks for listening! Make sure to follow us on all the socials at @summitwealthgroup, so you don't miss an episode!