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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: