First time home 🏠buyer 💵tip:
Save a 10-20% down payment❗
A 20% down #payment gets you out of paying for #private#mortgage insurance (PMI), which protects 🛡️the mortgage company in case you can’t make your# payments and end up in #foreclosure🏚️
Ordinary #investors access to #MBS include:
The Vanguard #Mortgage-Backed Securities ETF (#VMBS): This #ETF tracks the Bloomberg U.S. MBS Float Adjusted Index, made up of federal #agency-backed #MBS that have minimum pools of $1 billion and minimum maturity of 1️⃣year.