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Leverage Investment & use the equity your house has gained over the years
Leverage Investment & use the equity your house has gained over the years
Leverage Investment & use the equity your house has gained over the years
We see ourselves as mortgage advisors—helping veterans, first-time homebuyers, growing families, downsizers, and multifamily investors find financing and refinancing options that fit their goals.
Marshawn Govan
Which PMI option is best?It depends on your goals, cash-on-hand, and how long you plan to keep the loan.PMI Basics (in plain terminology)If you’re putting less than 20% down on a conventional loan, lenders typically require private mortgage insurance (PMI). PMI helps protect the lender—not because you’re a bad borrower, but because the loan has a higher risk profile with a smaller down payment.Lender-Paid vs. Borrower-Paid PMIBorrower-Paid PMI (BPMI)Usually shows up as a monthly PMI paymentOften gives you a lower interest rate than lender-paid PMICan typically be removed later once you reach enough equity (based on guidelines)Lender-Paid PMI (LPMI)PMI is built into the interest rate (you don’t see a separate PMI line item)Can reduce your monthly payment compared to monthly PMI in some casesTypically doesn’t “drop off” the same way—because it’s baked into the rateA Common Alternative: USDA (for eligible rural areas)You may associate the U.S. Department of Agriculture (USDA) with food safety and inspections, but USDA also offers home loan programs designed to expand homeownership in eligible areas. USDA loans can be an alternative to PMI-based conventional financing because they typically don’t use PMI—though they do have their own guarantee fees and eligibility requirements (like location and income limits).
Big banks can be fine in some situations—but for many buyers and refinancers, they’re not built for speed, flexibility, or hands-on guidance.Here’s what we see most often:Slower timelines & more layers: Large institutions typically have more bureaucracy, which can mean longer approval and closing times—especially when your file needs attention, not a template.Limited product options: Banks usually push their in-house programs. That can reduce your ability to compare multiple loan structures (including PMI strategies) to find the best fit.Less personalization: You may deal with rotating call-center reps instead of a dedicated advisor who understands your goals, your income profile, and your timeline.Harder to navigate “non-standard” scenarios: Self-employed income, variable income, layered credit, down payment assistance, or special property types often require a lender who knows how to structure the file properly.Why many borrowers choose MKG Enterprises Corp instead:We take an advisor-first approach and help you compare real options—like borrower-paid PMI vs. lender-paid PMI (and alternatives such as USDA when eligible)—so you can choose the structure that protects your budget and long-term plan.All loans subject to underwriting, credit approval, and program guidelines.
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