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re: How screwed am I by not putting down 20% on a home purchase?

Posted on 8/1/16 at 7:54 am to
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 8/1/16 at 7:54 am to
quote:

This higher rate never goes away, unlike PMI, but there is less cost on the front end of the loan.


Sure it can, just refinance once you have 80% equity and PMI is no longer a requirement. Again, we have no idea what interest rates will be going forward, but never say never.
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