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re: America's housing policy: The definition of insanity
Posted on 10/22/14 at 8:44 pm to NC_Tigah
Posted on 10/22/14 at 8:44 pm to NC_Tigah
I just wish there were better rules about PMI. If you buy a house when you are young but cash poor you are forced to get PMI with less than 20% down. While I realize that this is essentially used as default insurance, it really just causes you to piss more money away until you are able to finally own 20% of the home. Not all markets are great for renting, and I would like to see perhaps a tiered PMI or one based more on credit or payment history.
Wishful thinking I know....
Wishful thinking I know....
1
Posted on 10/22/14 at 8:57 pm to Bmath
Is it not possible to avoid PMI with less than 20% down even with an outstanding credit score?
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