LV Realtor

Just for Rent this beautiful house. Call or text 305 498 5446

TIP! 💁 DO YOU KNOW WHAT IS PMI?

It stands for Private Mortgage Insurance. For Conventional loans PMI is added to your mortgage payments if your downpayment is lower than 20%. The purpose of the insurance is to protect the mortgage company if you default on your mortgage payments. Typically costs between 0.5% to 1% of the entire loan amount on an annual basis. Example: if you have a loan for $400,000 to a maximum 1% PMI is $4,000, then $4000 is divided by 12 months, this equals $333.33 monthly added to your mortgage payments. FHA mortgage insurance lasts the life of the loan unless you put 10% or more down, or you must refinance to a conventional loan, or a 620 credit score and 20% equity to get rid of your FHA mortgage insurance premium.

Call or text me before is gone! 305 498 5446 This gorgeous 4 bedroom, 2.5 Bathroom home is nestled in beautiful & sought-after Floridian Isles II, within the Waterstone II neighborhood. Enjoy the peace of mind this gated community has to offer. Conveniently located near major roadways and Florida's Turnpike for an easy commute. Shopping, dining, entertainment & Baptist hospital a short distance away. Amenities include: Clubhouse, Gym Room, Kid's playground. Recently installed: Flooring, York Air Conditioning and Stainless-steel appliances. Owner Occupied/By Appointment only