🏡 Mortgage Strategy: How to Build Equity Faster & Save Big

🏡 Mortgage Strategy: How to Build Equity Faster & Save Big

If you're buying a $600K home, you've probably heard this advice:

"Put 20% down to avoid PMI."

But here’s a smarter approach, especially for buyers thinking long-term or strategically about wealth-building through real estate:

✅ Instead of putting down $120K (20%), consider putting just 5% down.

Yes, you’ll pay PMI (Private Mortgage Insurance) — roughly $475/month — but here’s the opportunity...

🔨 Use the remaining $90K on high-ROI renovations like:

Kitchen or bathroom remodels
New roofing, insulation, or siding
Garage and closet improvements

This creates Forced Appreciation — a proven strategy where property value increases through intentional upgrades (not market trends).

📈 After renovations, once you hit 20% equity, you can remove PMI and redirect that $475/month toward your principal.

This simple shift can:

 ✔️ Cut 5 years off your mortgage

 ✔️ Save around $120K in interest

 ✔️ Build equity faster and smarter

💬 Curious how this could work for your property or clients? Let’s connect.

Christel Renaud | Christel Miami Luxury Living

954-799-3378 | [email protected]