How To Avoid Mortgage Insurance (PMI) 🤫 Unfortunately, there is no way to avoid mortgage insurance when you’re putting less than 20% down. You’re either paying it as a monthly fee, or by taking a higher interest rate. With that, don’t look as mortgage insurance as a bad thing, but rather the cost of doing business because without it, you wouldn’t be in a position to buy a home Yes, it’s not ideal to have mortgage insurance, but as you pay down the principal balance, and your home appreciates, y