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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 3/4/24 at 6:05 am to
Posted by Mariner
Mandeville, LA
Member since Jul 2009
1958 posts
Posted on 3/4/24 at 6:05 am to
I refinanced when I was not at 20%. A couple months later I called the mortgage company to say I paid down the debt and now am at 20% so take off the PMI. They said you have to have the loan for at least 2 years before they can take it off. I paid PMI for 8 years. Yes I know that is crazy. I learned a hard lesson.
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