First-Time Homebuyers: What Mortgage Insurance REALLY Costs!

What does mortgage insurance actually cost, and do you really need a 20% down payment to buy a house? In this video, we are getting real about the bad reputation of mortgage insurance and breaking down the math. As a licensed mortgage loan officer with two decades of experience, I am sharing real data—not fake numbers. We compare a conventional mortgage vs an FHA loan on a $500,000 purchase price across different credit scores (from 640 to 760) and down payment tiers (5%, 10%, and 15% down). You will learn how your debt-to-income ratio impacts your PMI, why waiting to save 20% might actually cost you more as home prices rise, and exactly how to spot when a lender is putting you in the wrong loan program! I would love to be your mortgage lender:) Call or Text Me Here - (786) 933-2077 Get Pre-Approved! - https://www.rate.com/jenbeeston-yt Set Up A Time to Chat Here! - https://calendly.com/jennifer-beeston My Free 60 Minute Homebuyer Course - https://www.60minhomebuyer.com My Free VA Loan Course - https://www.nostressva.com Our 950+ 5 Star Google Reviews - bit.ly/jensreviews Life is stressful enough, your mortgage should not be. Get a stress-free mortgage with my team and I! My team is one of the top ranked purchase teams in America, and we are licensed nationwide. Home-buying should not be a nightmare, our goal is to make it a dream. Working with us, you can expect us to be committed to: • Being there for you every step of the way • Answering any questions, doubts, or concerns you have • Delivering a stress-free mortgage experience • Offering you competitive rates and fees. We've helped thousands of homebuyers achieve their dream of homeownership, and we're dedicated to helping you too. Buying a house can be overwhelming, but having an expert on your side makes all the difference. Timestamps: 0:00 – Introduction to Mortgage Insurance 0:09 – Mortgage Insurance Misconceptions 2:01 – What Mortgage Insurance Is 3:55 – Factors Affecting MI Cost 5:05 – Conventional Loan MI Scenario 6:21 – 5% Down MI Costs by Credit Score 9:09 – Conventional vs. FHA MI (5% Down) 10:16 – 10% Down MI Costs 12:07 – Why FHA is Not for 15% Down 13:02 – 15% Down MI Costs 14:20 – When Mortgage Insurance is Not Scary 15:50 – Questions? Call me at 786-933-2077 or Book the Calendar! ---------------------------------------------------------------- • Instagram -   / jenbeeston   • Linkedin -   / jenniferbeeston   • Facebook -   / jenniferbeestonmortgage   • Website - https://www.jenniferbeeston.com ---------------------------------------------------------------- #whatismortgageinsurance #howmuchispmionahouse #conventionalvsfhamortgageinsurance Licensing info: Jennifer Beeston, EVP National Sales NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611 Branch Address: 12058 San Jose Blvd, 402, Jacksonville, FL, 32223 Equal Housing Lender For licensing, go to www.nmlsconsumeraccess.org Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.