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re: What's the deal with PMI these days when purchasing a new home?
Posted on 3/25/10 at 9:51 pm to AcadianDisciple
Posted on 3/25/10 at 9:51 pm to AcadianDisciple
If you don't have 20% to put down, you can't afford your home yet. Keep saving, rather than throw away your money on PMI.
At least if you're throwing your money away on rent, you're getting something for it.
At least if you're throwing your money away on rent, you're getting something for it.
1
Posted on 3/25/10 at 10:04 pm to Luke4LSU
I hear you. My last home I was able to put 20% down. I relocated back to La.3 yrs later from the Rockies; just when to economy starting going down. Long story short, I took a big hit and now I'm trying to build my savings back up. I've been renting for a year now and it seems I'm pissing the money away as well. Figure I just as soon bite the bullet so to speak.
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