The Big Opportunity In Raleigh is Owning Rental Properties

May 1, 2022 by Kevin Martini

The big opportunity today to create generational wealth is in real estate; not just as a homeowner but also as a real estate investor. Episode 141 of the Martini Mortgage Podcast unpacks just 3 financial benefits of owning an investment property; passive income, tax benefits and appreciation.

Questions, just ask the Martini Mortgage Group

Let’s connect to discuss how to add an investment property to your portfolio or to talk about acquiring your first rental property.

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Martini Mortgage Podcast Episode 141 Transcript

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We all need a roof over our head, every night, when we put our head on the pillow to go to sleep. Some people own that roof and some people rent that roof. Here is the challenge, some people rent because they do not know they can afford to buy and that is sad. Others rent because it is right for them.

It is true, homeownership is not right for everyone and that is OK however, I truly believe, if you want to create wealth and when I say wealth I mean generational wealth, you need to own real estate.

Welcome to episode 141 of the Martini Mortgage Podcast, my name is Kevin Martini and I am a Certified Mortgage Advisor with the Martini Mortgage Group which is located in Raleigh, North Carolina however myself along with my very talented crew of mortgage professionals help families in all 100 counties of North Carolina and pretty much in ever state in the U.S. too. I am calling this special episode of the Martini Mortgage Podcast; The Big Opportunity.

I want to start by sharing there is a time to rent however that time is not now. But as I mentioned homeownership is not right for everyone. I get sad when people rent because they do not think they have options to buy. Let me share this fact. Everyday I help families secure a home loan with less than a 20% down payment…everyday I help families secure a home loan with less than perfect credit and many first time home buyer are eligible for a first-time home buyer tax credit. If you are a renter, you woe it to your self to explore the options and then make a decision if homeownership is right for you after you have all the facts because there is never a substitute for getting educated on your homeownership options.

I share this so you know I am here and it is a big opportunity to explore your homeownership options if you are a renter but an even bigger idea or the ‘ big opportunity’ of this episode is to create generational wealth with a real estate rental portfolio that creates passive income, provides tax benefits and provides asset appreciation.

Passive income, tax benefits and asset appreciation, OH MY! Sound too good to be true but it is for many of the families I work with as their Certified Mortgage Advisor.

Now before you start thinking of all the reasons why this episode of the Martini Mortgage Podcast is not right for you and before you start reciting in your mind all the reason why you cannot afford a piece of investment property let me share this fact with you…it is my opinion you cannot afford not to have a real estate investment portfolio even if it is just for one property. Please give me your ears to expand on this big opportunity.

Let me start with a fact, investors are behind 33% of the purchases of single family homes today in the U.S. so, this means 1 out of 3 single family homes are purchased by investors. Now the Martini Mortgage Group has its headquarters in Raleigh, North Carolina and in Raleigh nearly 1 in every 4 properties are sold to an investor based on the most recent data which is from the 4th quarter of 2021. Yes, this is an amazing stat and it highlights a big opportunity for you and it is not too late for you take advantage of this big opportunity.

I am a real estate investor and I share this not to impress but to impress upon you that I have first hand confirmation it is easier to make one-million dollars with real estate then it is at your 9 to 5 job. To purchase all of my family investment properties I use one of the most powerful tools available and that is leverage.

Simply put, leverage is the use of borrowed money to secure an assets to amplify the potential return on investment. Let me granular, let us say I want to purchase a single family home and make it an investment property…I put a 20% down payment and I secure a 80% mortgage. My 20% down payment means I am leveraging 80%. Oh by the way, the 20% down payment is used only for illustration of purchasing an investment property. If you were purchasing a primary residence you may not even need a down payment or if one is needed it may only be 3 to 5% so your leverage could be as high as 100% to 95%.

Now that you have a working knowledge of leverage…let me start to chat about passive income, tax benefits and asset appreciation.

I believe, to become wealthy and to create generational wealth you need to have multiple forms of income streams. One obviously income source is from your job, this is active income. You have to actively do something like go to work and do your job for active income. Then there is passive income. I define passive income income as income earned outside of your job. One way to earn passive income is by owning a rental property or properties vis-a-vis positive cash flow. Let me illustrate…

You purchase a $250,000 rental property and you leveraged 80% of the purchase which means you put 20% down and that is $50,000 and you secured a $200,000 mortgage. For illustration, let us assume a 7% interest rate for a 30-year fixed. Again, this rate is only for illustration. A $200,000 30-year fixed rate mortgage would have a principal and interest payment of mortgage of $1,331.60 a month. Let us assume that the property tax and the homeowner insurance is $3,000 a year which is $250 a month. This means your total mortgage payment, in this hypothetical example, would be $1,582 a month.

Let us assume that repairs and miscellaneous things like advertising the property cost you 2,400 a year. No me, I factor in 1-moth or mortgage payment to cover for vacancy — so the operation costs would be, let me round up and say $4,000 or $334 a month.

A conservative rental in Raleigh would be, let us just say $2,000 a month, perhaps that is too conservative but let me go with it.

You are paying principal, interest, tax and insurance of $1582 with this high example rent and we are forecasting $334 a month for incidentals so that is $1,916 a month. So worse case with this conservative rent of $2,000 you would have a passive income $84 a month or be positive cash flow of $1,000 a month.

What if the rent was more realistic at 2,250 a month. You would be creating $2,250 a year of passive income vis-a-vis positive cash flow from your rental property.

But as they say in those informercials, but that is not all…

There may be the potential for major tax benefits for owning a rental property. Know that I am a Certified Mortgage Advisor not a Certified Public Accountant so please consult with your tax prepare. With hat aid, for me, owning rental properties allows me to deduct my operating and owner expenses plus I get to depreciate the property and I have capital gain referral.

I do not want to go too deep into this but I do want to talk about the power of the depreciation deduction. You see the current IRS code allows one that owns a rental property to depreciate it over 27 and half years. Let me use that $250,000 rental home I mentioned earlier. $250,000 divided by 27.5 equals $9091. You can use that depreciation to expenses to lower your tax liability along with your other expenses.

Yes, the tenant is paying for your mortgage and providing you with passive income with positive cash-flow, you are getting tax benefits and that is not all, you will also get asset appreciation through appreciation from your rental property.

Before I dive deep into this, let me address two topics that are top of mind for some people are concerned about with real estate today. Number one is some people are concerned that there will be a recession and the recession will impact home values negatively. Some people fear we are approaching a a real estate bubble.

Let me address bubble…today we are in a materially different market than we were in 15-years ago. The demand for homes today is real unlike the artificial demand created by lower lending standards before the great recession. In short, it is my opinion the great recession in real estate was created by many unqualified borrowers being able to secure a home loan and that home loan went into foreclosure. Today, you need more than a pulse to qualify for a mortgage and the bad industry actors have been flushed out however there is going to be a recession. It is not if a recession will come because recessions are a natural part of the economic cycle and it will come however recession does not mean housing crisis nor does inflation mean lower home values.

As I am recording this episode, inflation in the U.S. is at a 40-year high. Owning real estate is a hedge against inflation. In fact, tangible assets, like real estate, tend to increase in periods of high inflation.

Speaking of home values…

I have found the best and most accurate real estate value predictor is the Home Price Expectation Survey. It is done every quarter and it is not one persons opinion on where home values will be headed. A panel of over 100 plus economists, housing market analysis and investment strategist are survey and the result is the Home Price Expectation Survey.

In the most recent survey, basically they are forecasting a cumulative 25% increase in home appreciation through the end of 2026. Let me put share what that means using that $250,000 investment property we talked about earlier. If you would have purchased it in January 2022 then by the end of 2026, according to the Home Price Expectation Survey it would be worth $346,342. So during a period of 5-years, you potential growth in wealth, solely based on appreciation would be over just under $100,000. Then pepper in the passive income received and the tax benefits and you are creating generational wealth.

WOW, that was a lot wasn’t it. Now you know why I called this episode The Big Opportunity

I believe in owning your dream home and I help families secure the the right financing for their dream home. I also believe in investment properties and I help families deploy the right financing strategy for their real estate investment portfolio. I know it should always be home loa n first and then go find your house so with that said, let us connect to talk if investment property is right for you and your family.

My name is Kevin Martini and I am a Certified Mortgage Advisor with the Martini Mortgage Group. I provide trusted advice with a frictionless process that offers great rates and certainty to you and your family. My number is 919.338.4934.

Looking forward to connect, stay safe out there and wishing you peace and blessings.

Now it is time for the disclaimer:

This material has been prepared for marketing purposes only. This is not a loan commitment or guarantee of any kind.

Loan approval and rate are dependent upon borrower credit, collateral, financial history, and program availability at time of origination.

Rates and terms are subject to change without notice.

The Martini Mortgage Group at PCL Financial is a division of Celebrity Home Loans, NMLS # 227765 with a Branch address of 507 N Blount St Raleigh, North Carolina 27604.

You can contract Certified Mortgage Advisor and Producing Branch Manager, Kevin Martini NMLS# 143962 by calling the Branch and that number is 919.238.4934. For a full list and more licensing information please visit: www.NMLSConsumerAccess.org or by visiting www.MartiniMortgageGroup.com – Equal Housing Lender

If not now in Raleigh, it could really cost you!

April 25, 2022 by Kevin Martini

Many people are curious what will happen to home values over the next few years. Some renters think they need to keep renting and some homeowners think they should stay stay in the house they now own even though it does not meet their current or future needs because of fear of a real estate shift. Oh by the way, shift is a euphemism for real estate bubble. SPOILER ALERT – there we are not in a a real estate bubble zone, we are in a real estate opportunity zone!

In this special episode of the Martini Mortgage Podcast called, if not now, it could really cost you; Certified Mortgage Advisor Kevin Martini breaks down the economics based on what a dynamic group of 100+ economists, housing market analyst and investment strategists are predicting for the next 5-years.

Martini Mortgage Podcast | Episode 140 | If not now, it could really cost you!

Right now, that means today we are living in the good old days of real estate. What do I mean by that? Simply put, if you fast forward 5-years or 15-years and you look at today, you will say one of two things…you will either say, I am so thankful that I purchased real estate in 2022 or you will say I wish I had purchased real estate in 2022, it truly was the good old days of real estate back then.
Kevin Martini – Certified Mortgage Advisor & Raleigh Mortgage Broker

Home Price Expectation Survey

Martini Mortgage Podcast Transcript of Episode 140

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If not now, it could really cost you! When I say now, I mean right now and when I say it could cost you, I mean it could cost you tens of thousands of dollars. In fact, according to the Home Price Expectation Survey it could cost you $32,400 in 2022 and by the end of 2027, it could cost you $96,343 in appreciation alone. Then there are rising mortgage rates. Let me share this hashtag Kevin Martini Live nugget about mortgage rates. When mortgage rates rise by just one-percent than your buying power is reduced by over 10%.

Welcome to episode 140 of the Martini Mortgage Podcast, my name is Kevin Martini and I am a Certified Mortgage Advisor with the Martini Mortgage Group which is located in Raleigh, North Carolina however myself along with my very talented crew help families in all 100 counties of North Carolina and pretty much in ever state in the U.S. too. I am calling this special episode of the Martini Mortgage Podcast; If not now, it could really cost you!

Right now, that means today we are living in the good old days of real estate. What do I mean by that? Simply put, if you fast forward 5-years or 15-years and you look at today, you will say one of two things…you will either say, I am so thankful that I purchased real estate in 2022 or you will say I wish I had purchased real estate in 2022, it truly was the good old days of real estate back then.

Let us talk about where real estate is going in light of higher mortgage rates appearing in 2022. Wait! Yes, mortgage rates are higher today than they have been in the last couple of years however from a historical standard, they are historically low. Bold statement, not really — check this out. If you looked at historical 30-year fixed mortgage rates since 1971 the average rate is pretty darn close to 8 percent. Again, from a historical standard, mortgage rates are cheap but they will not be forever.

Now to me, it is not what one person opinion is that matters. Opinions are like belly buttons, everyone has one. I like to look at a sampling of what many experts think when I look at the future of real estate values and the Home Price Expectation Survey that is performed by Pulesnomics is in my opinion the most accurate predictor future of home value. You see the Home Price Expectation Survey is not just what one person thinks, it is a survey of 100+ real estate market experts, economists and investment strategists.

The forecast in the most recent Home Price Expectation Survey highlights that home prices will continue to appreciate over the next 5-years. In 2022, the see a deceleration of appreciation and in 2023 through a stabilization of home values to more traditional levels.

I want to be crystal clear, deceleration of home values does not mean that home values are going to depreciate. Nor does deceleration of home values means that there is a real estate bubble that is going to burst like they did 15-years ago during the great recession. Also while I am setting the official record straight, let me properly communicate, for the people in the back, recession does not mean housing bubble nor does recession means a depreciation of home values.

Let me share a Kevin Martini story with you. Let us assume you are on Interstate 40 leaving Raleigh and going East towards Wilmington. The speed limit is 65 however you are going 85 miles per hour and in the distance you see a police car…you decelerate and take your speed to the posted speed limit of 65. You pass the police car and there are no blue lights flashing in your rearview mirror.

Sure you are now going 20 miles per hour slower however your are still going the speed limit. It is my opinion that this is what real estate is going to do int he coming years — it is going to decelerate not depreciate. Yes the two words sound alike but they have materially different meaning.

The Home Price Expectation Survey is predicting a a 9% increase in home values in 2022. According the Federal Housing Finance Agency the year of year appreciation in 2021 was 18.8%. The S&P Case-Shiller was up 18.6% so yes, a 9% predication is deceleration but it is still above the historical average and that means we are still speeding.

Don’t believe me that we will still be speeding in 2022? Let me share that the Martini Mortgage Group is located in Raleigh, North Carolina. Raleigh, North Carolina is located in Wake County and the 63-year average yearly home appreciation rate 3.41% for Wake County, North Carolina.

The Home Price Expectation Survey says that in Raleigh, North Carolina and specifically Wake County, North Carolina we will keep speeding in 2023 with a forecasted home appreciation rate of 4.74% and in 2024 the appreciation rates hold be 3.67% and in 2025, we will be at the current 63-year average in Wake County with 3.41% and then in 2026, 3.57% appreciation.

Holy cow that was a lot of numbers, what does it all mean? For illustration, let us assume that you purchased a $360,000 home in January 2022. According to the predications in the Home Price Expectation Survey by the end of 2023 that home will be worth 392,400 and in 2024 it will be worth $411,000 well let me fast forward to the end of 2026, that home would be worth $456,343.

The very distinguished panel that is survey for the Home Price Expectation Survey is stating that you could have a potential growth in household wealth over the next 5-year of $96,343 solely on increased home equity.

I said it earlier during the episode of the Martini Mortgage Podcast, we are living in the good old days of real estate and if not now, it could really cost you!

In closing, there is nothing wrong with renting and there is a time to rent however, in my opinion, that time is not now. I want to be clear, renting may be the right thing for you and your family but I truly believe, with an open heart, you need confirmation that homeownership is not right for you and your family. Right now is the time to explore your homeownership option based on facts not based on what you heard at a barbecue a couple of years ago.

If you want or need mortgage help to explore you homeownership options as a first time home buyer or as a repeat home buyer … know that we are here to help, just give us a jingle at 919.238.4934.

Again, my name is Kevin Martini and I am a Certified Mortgage Advisor with the Martini Mortgage Group which is located in Raleigh, North Carolina however I help families all over the U.S.. If you are buying a home and need a home loan, know that I provide trusted advice with a frictionless process that offers great rates and certainty to you and your family. Real estate transactions need to always close on-time and need to be stress-free and should be a world-class experience for everyone involved.

Stay safe out there and wishing you peace and blessings.

Now it is time for the disclaimer:

This material has been prepared for marketing purposes only. This is not a loan commitment or guarantee of any kind. Loan approval and rate are dependent upon borrower credit, collateral, financial history, and program availability at time of origination. Rates and terms are subject to change without notice. The Martini Mortgage Group at PCL Financial is a division of Celebrity Home Loans, NMLS # 227765 with a Branch address of 507 N Blount St Raleigh, North Carolina 27604. You can contract Certified Mortgage Advisor and Producing Branch Manager, Kevin Martini NMLS# 143962 by calling the Branch and that number is 919.238.4934. For a full list and more licensing information please visit: www.NMLSConsumerAccess.org or by visiting www.MartiniMortgageGroup.com – Equal Housing Lender

Private Mortgage Insurance (a.k.a. PMI)

April 5, 2022 by Kevin Martini

Private Mortgage Insurance (a.k.a. PMI) is a good thing! In special episode 137 of the Martini Mortgage Podcast, Certified Mortgage Advisor Kevin Martini shares 5 Benefits of Private Mortgage Insurance.

There are many myths associate with getting a mortgage. Some of the myths are relating to credit score need to get a home loan and many myths are associated with the amount of down payment needed to secure a mortgage. One does not need to have perfect credit to buy a home nor do they have to have a 20% down payment to secure a mortgage.

Private mortgage insurance provides a competitive edge to borrowers today because it helps more people afford homeownership.
Raleigh Mortgage Lender & Certified Mortgage Advisor Kevin Martini

5 Benefits of Private Mortgage Insurance

There are more than 5 Benefits of Private Mortgage Insurance however on 5 are shared by Kevin Martini in episode 137 of the Martini Mortgage Podcast are:

Benefit 1 of Private Mortgage Insurance is:

Private mortgage insurance allows one to buy a home sooner and earn more equity with a lower down payment.

Benefit 2 of Private Mortgage Insurance is:

Private mortgage insurance provides expanded cash-flow.

Benefit 3 of Private Mortgage Insurance is:

Private mortgage insurance provides the ability to buy first and then sell.

Benefit 4 of Private Mortgage Insurance is:

Private mortgage insurance helps overcome appraisal issues.

Benefit 5 of Private Mortgage Insurance is:

Private mortgage insurance provides the ability to afford homes in higher price points.

private mortgage insurance martini mortgage podcast

Many people believe the myth that they have to have perfect credit and a 20% down payment to secure a mortgage home loan today. Perfect credit and 20% down payment is a widely held but false belief. Another misconception is that private mortgage insurance is a bad thing, this to is a misconception. Private mortgage insurance is a good thing and access to private mortgage insurance is not reserved for first-time homebuyers only. It is time to rethink private mortgage insurance because it is a tool to help more people become homeowners.

Welcome to episode 137 of the Martini Mortgage Podcast, my name is Kevin Martini and I am a Certified Mortgage Advisor with the Martini Mortgage Group which is located in Raleigh, North Carolina however I help families in all 100 counties of North Carolina and pretty much in ever state in the U.S. too. I am calling this special episode, 5 benefits of private mortgage insurance.

Before I start to dig into the 5 Benefits of Private Mortgage Insurance, know that private mortgage insurance is also known as PMI, mortgage insurance, MI or private MI. Whatever one calls it is, PMI is a guaranty that reduces the loss to lender in the event a borrower doesn’t repay their mortgage. Let me share an audio 30,000 feet example for illustration on how PMI works.

Let us assume a borrower is buying a $200,000 home with a fixed rate mortgage and they are putting 10% down, hence a $180,000 mortgage. With a 90% loan-to-value on a fixed rate mortgage 25% coverage is required for most conventional home loans. In other words, the mortgage insurer is covering 25% of the loan amount or responsible for paying 25% of the outstanding loan balance in the event of default which leaves the lender risk at 67.5%. If there was no PMI, the lender would have all the risks. Because of the coverage protection PMI offers lenders, PMI creates an opportunity for borrowers to buy with less than 20% down.

Now to the 5 Kevin Martini Benefits of Private Mortgage Insurance.

Number one is, private mortgage insurance allows one to buy a home sooner and earn more equity with a lower down payment. Let me explain with a story…

Walter is renting in Raleigh and he has a good job with a little money saved up however Walter does not know if you should keep renting or if he should buy a home. Let us assume that Walter has $10,000 saved up however his folks think he should hold off on buying until he can save more money for a 20% down payment. Should Walter explore his homeownership options now or should he keep renting until he has the 20% saved up?

Before I move on, as a Certified Mortgage Advisor I provide a human touch to the families I serve, I assess the full financial picture, understand future goals and design a mortgage product that meets needs if homeownership is right strategy. I share this because homeownership is not right for everyone and that is OK. If it is right for you and your family, taking action sooner than later is smart.

Let us assume that I have accessed that homeownership is right for Walter. Here are some factual nuggets I would share with him.

I would share that home prices and mortgage rates could rise and this increase would make his eventual purchase more expensive.

I would share that the rent he pays will not build him any equity and I would highlight rents are rising every year.

I would share that there are home loan products offered by the Martini Mortgage Group that only require 3% down payment.

I would also highlight the cost of waiting…in other words, it would likely take 5 to 7-years for Walter to come up with a 20% down payment based on his current savings. According to the April 2022 Raleigh Real Estate Report Card, the median home price is $395,763 and the appreciation forecast for the next 12-months is 6.94% and for the next 60-months homes in Raleigh area are expected to have a cumulative appreciate of 24.15%. This means waiting for 5-years to save for the 20% down payment would cost $95,571. Oh by the way, who knows where mortgage rates will be in 5-years from now. We know that today, home loans rates today are not as low as they have been however they are still at historic levels.

Private mortgage insurance would allow Walter to buy a home sooner and earn more equity with his under 20% down payment he has today.

Number two of five Kevin Martini Benefits of Private Mortgage Insurance is Expanded Cash Flow.

Remember that PMI is not an exclusive benefit for only first-time home buyers, repeat home buyers have access to private mortgage insurance too! There is nowhere that it says you have to go from small home to medium house before you can afford your dream home. Putting less down can be more.

Let me share a real-world family that I helped. This family has 2 young kids plus one on the way. They simply outgrew their current house, and they needed a bigger home to accommodate their growning family. They had enough for a 20% down payment but with their day care expenses were getting ready to explode plus having knowledge of their future plans they had which I learned during our mortgage strategy session, I developed a lower down payment financing solution. family. The elected to go with a 5% down option and saved 63,750 of cash…yes, their payment went up but it would have taken them 12-years to re-save that 67,750. Plus since they were already in their home for over 2-years, that 63,750 was tax free and this mortgage strategy expanded their cash-flow. Oh by the way, private mortgage insurance is not required to be on the loan forever. There is a point that PMI can fall off the loan and that will be an opportunity for a lower payment without refinancing.

Number three of five Kevin Martini Benefits of Private Mortgage Insurance provides the ability to buying first & then selling. Sometimes one needs to buy first and then sell however…they qualify from a debt-to-income perspective but the do not have a large down payment. Take a look at the family I just talked about…they both work and they have 2 kids and one on the way, they did not have time to properly stage their house for sale nor did they have the ability to keep the house model home condition but they did have some liquid cash plus some monies in their 401K plus they qualified with 2 mortgages.

Here is what I did, they put 5% down…some came from cash on hand and they took a loan from their 401k. They purchased the home using PMI and once their home sold, they paid back the 401K loan and had the extra cash they needed too. The other benefit with this strategy is they knew they would never be homeless and they had time to find their dream home because they already had a roof over their head and no pressure to find a home by a specific date.

Number four of five Kevin Martini Benefits of Private Mortgage Insurance it helps overcome appraisal issues.

As you know, at the time of this recording we are in a very hot real estate market,. I had a client that finally had her bid accepted on the perfect place for her to call home. The listing price was $380,000 but she offered $400,000 to be competitive. She had a plan put 20% down but sadly there was an appraisal gap. The home appraised at 380,000. Now she did not have the ability to put the 20% down and cover the appraisal gap. I developed a strategy using private mortgage insurance where her payment actually became exactly the same with 15% down as compared to what they originally expected thanks to the help of PMI. Yes, this was an advanced strategy used as a Certified Mortgage Advisor and she was able to reap the reward of my extensive training and on-going continuing education to provide cutting edge home loan solutions and get her into her dream home.

Finally, Number five of five Kevin Martini Benefits of Private Mortgage Insurance is PMI provides the ability to afford homes in higher price points. Simply put, PMI helps you expand your house hunting options. . PMI will help you break into new neighborhoods and new price points.

Let me get real, it takes time and hard work to save money. Let us assume that you have saved 15,000. For simple illustration you would have 3 options.

Option number one would be buy a home for $75,000 and put 20% down or explore the other 2 options that include the use of private mortgage insurance to amplify your buying power. With that said let me share option number 2…you double the purchase price to $150,000 and put 10% down or you 4X your purchase price to $300,000 and put 5% down.

I am not a real estate agent however I know there is a material difference between a $75,000 home to a $150,000 home and there is a quantum leap from a $75,000 home to a $300,000. Assuming, of course, that they can afford the higher monthly payment that accompanies the larger home price then when using PMI you are offered increased buying power and expand their home search, allowing yourself and your family to consider a wider range of home prices and available homes for sale.

WOW, that was a lot wasn’t it? In closing let me share this with you. Private mortgage insurance is there for you when you want it or need it and it is not there when you don’t need it. PMI can usually be canceled when the loan either reaches the cancellation point due to amortization of the original loan amount, or the borrowers request cancellation based on an increase in their home value due to appreciation or home improvements.

If you have questions about private mortgage insurance or about how PMI can help you and your family, I am here. If you want trusted advice with a digital mortgage process that offer a great rate with certainty check out my website by going to: www.MartiniMortgageGroup.com – you can find some real world information there and you can also securely apply online or book an appointment with me. Be sure to check out the April 2022 Raleigh Real Estate Report Card which can be found in the learning center.

Thank you for tuning in and thank you in advance for sharing this episode with someone you care about that could benefit. My name is Kevin Martini and this was episode 137 which has been called; ‘5 benefits of private mortgage insurance

Now it is time for the disclaimer: