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Message
re: Question About Home Purchase,PMI, and Appraisal Value
Posted on 9/13/12 at 2:35 pm to SLafourche07
Posted on 9/13/12 at 2:35 pm to SLafourche07
I'm no mortgage expert but you may want to check into a Lender Paid MI Loan.
5% down with no PMI. That way you avoid the PMI without having to put 20% down. The only problem with a Lender Paid MI Loan is it never goes away unlike PMI. But with interest rates so low it looks pretty attractive.
Just a thought.
5% down with no PMI. That way you avoid the PMI without having to put 20% down. The only problem with a Lender Paid MI Loan is it never goes away unlike PMI. But with interest rates so low it looks pretty attractive.
Just a thought.
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