Down Payment 101: PMI versus FHA Loans

Here in Los Angeles, many people are paying rent that is comparable to a mortgage payment! But misinformation about a down payment for a home loan often scares people away from becoming a homeowner. In this video we address various low or reduced down payment loan options, and dive deep into the difference between PMI and FHA loans, and how you may qualify for a low or reduced down payment mortgage loan! Curious about how to get pre-approved for a home mortgage? Want to know what the pre-approval process looks like? Curious about the difference between pre-qualification and pre-approval, and WHEN you should get pre-approved? We address all of your questions in this in-depth video to help get you on a path towards home ownership!