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Updated almost 10 years ago,

Tim Ball's profile image
Tim Ball's profile image
Tim Ball
  • Flipper/Rehabber
  • from Carrollton, TX
  • Member since May 16, 2013
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User Stats

165
Posts
71
Votes
Tim Ball's profile image
Tim Ball's profile image
Tim Ball
  • Flipper/Rehabber
  • from Carrollton, TX
  • Member since May 16, 2013
Connect
Tim Ball
  • Flipper/Rehabber
  • Carrollton, TX
71
Votes |
165
Posts
Buying & Selling Real Estate

Is it worth to buy out PMI?

Tim Ball
  • Flipper/Rehabber
  • Carrollton, TX
Posted

My friend got a conventional loan and bought out the PMI at like 2% charge. Is this worth doing instead of paying PMI in your monthly PITI? Do you save money in the long run? I guess it would help on cash flow for a rental if you were to buy out PMI, right? Hope this makes sense. Would love to hear ya'lls thoughts. Thanks.

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