Mortgage Expert Lindsey Johnson Discusses PMI and Future of Real Estate

Did you know that more than 80% of all first-time homebuyers last year put less than 20% down on their homes? Mortgage expert Lindsey Johnson tells us about private mortgage insurance and what changes the mortgage and real estate industries may see.

 

For more information, visit https://www.lowdownpaymentfacts.com/ and http://www.usmi.org/.

 

Read more and get additional resources here: https://wp.me/p9B077-Lh 

 

About our guest: http://www.usmi.org/lindsey-johnson-usmi-president/ 

 

On today's show: 

0:29 – Meet Lindsey

1:20 – Her background

2:32 – What is private mortgage insurance and how does it work?

4:47 – Is PMI part of the complicated mortgage process?

9:37 – Does PMI automatically come off at 20%?

14:18 – Should buyers be speaking to multiple lenders?

15:49 – How will COVID-19 impact real estate, mortgage and insurance industries?

21:35 – Will rates go up as fast as they came down?

23:30 – Are any changes coming in the real estate and mortgage industry?

34:03 – Should there be underwriting metrics?

34:55 – Why does the mortgage process seem so complicated?

37:02 – Demographics, rates and inventory

39:00 – Helpful websites

On today's show: