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re: What's the most amount of money you'd put down on a new house? It would be a new build.
Posted on 3/3/24 at 9:55 am to RoyalWe
Posted on 3/3/24 at 9:55 am to RoyalWe
I have no idea why people are so hung up over pmi.
It’s a tiny price to pay to maintain liquidity and avoiding be potentially cash poor.
I put 10% down on my first house and pmi was like 40 dollars a month.
It’s a tiny price to pay to maintain liquidity and avoiding be potentially cash poor.
I put 10% down on my first house and pmi was like 40 dollars a month.
1
Posted on 3/3/24 at 10:21 am to JohnnyKilroy
It's not that it's not affordable. It's just akin to money flushed down the toilet. So, sure, don't let paying PMI stop you from getting into a home. However, recognize it for what it is. It's called personal finance for a reason. Do what makes sense to you.
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