@nateloans: If you’re putting less than 20% down, you’re going to have PMI which is added to your monthly payment. On conventional loans what you pay for PMI depends on: 1️⃣ credit score 2️⃣ down payment 3️⃣ debt to income ratio The easiest way to make your PMI payment less and your mortgage payment more affordable is to improve your credit score. A lot of times it’s easier than you think to improve your credit score and lenders have the tools to advise you on that when you get preapproved with me we do a soft credit check which doesn’t impact your credit score and tells us what you can do to raise your score. On FHA Mortgages, you will always have permanent mortgage insurance even if you put 20% down and it’s a set amount. To learn more, click the L.I.N.K. in my bio to book a FREE call. . . . #m#mortgagem#mortgagetipsp#pmic#creditscore
