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How Return on Investment Changes Based on Credit Score With PMI
Manage episode 426114120 series 3467123
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How Return on Investment Changes Based on Credit Score With PMI
Does your credit score really matter when you're buying rental properties? Sure, your credit score impacts the mortgage interest rate you can get with traditional mortgages. And yes, your credit score affects how much private mortgage insurance (PMI) will cost. Your credit score can also be a factor in the cost of insurance on your properties.
But does it really make a significant difference?
In a word: yes.
Most people are surprised by just how much of an impact it has.
In this class, James will walk you through the impact of your credit score on your return on investment and how long it will take to achieve financial independence.
In this class, James discusses:
- Credit Score's Impact: PMI, Mortgage Interest Rate and Insurance
- Credit Scores Therefore Impact Cash Flow
- Cash Flow means dollars in cash each month, ROI from Cash Flow, Cash on Cash Return on Investment and Cap Rate
- Also impacts ROI from Debt Paydown
- Also impacts common measures of risk
- The numbers... how much cash flow are we talking about? ROI?
- How does this impact someone trying to achieve financial independence with rental properties?
- Plus much more...
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