2870: How Can I Avoid Paying PMI (Private Mortgage Insurance)? by Laurie Sepulveda of Women Who Money

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2870: When saving for a home, it's often challenging to reach that 20% down payment needed to avoid PMI (Private Mortgage Insurance). Laurie Sepulveda explores alternatives like "single premium PMI" or using a second mortgage, while also weighing the risks and benefits of these options. Whether it's finding a fixer-upper or rethinking your budget, she emphasizes the importance of personalizing your financial decisions to fit your situation. Read along with the original article(s) here: https://womenwhomoney.com/avoid-paying-pmi/ Quotes to ponder: “Just be honest with yourself about what you can genuinely afford before you sign on for a mortgage that will be with you for many years to come.” “PMI is insurance the homeowner pays in exchange for a smaller down payment. This insurance protects the lender - in case you stop making mortgage payments.” “Buying a house with less than 20% down means you’ll have a higher mortgage payment and you'll pay more in total interest.” Episode references: The Power of Now: https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808 Learn more about your ad choices. Visit megaphone.fm/adchoices

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Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone. Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals. This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future. Listen now, and become an OLD friend--your optimal life awaits...