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re: 20% down on a house…is it dumb?

Posted on 2/5/22 at 5:29 pm to
Posted by Hou_Lawyer
Houston, TX
Member since Jun 2019
1904 posts
Posted on 2/5/22 at 5:29 pm to
You don’t need 20% to avoid pmi if you have excellent credit and a good broker.
Posted by Vrai
Baton Rouge
Member since Nov 2003
3899 posts
Posted on 2/5/22 at 8:38 pm to
quote:

You don’t need 20% to avoid pmi if you have excellent credit and a good broker.



Explain that
Posted by StealthCalais11
Lurker since 2007
Member since Aug 2011
12453 posts
Posted on 2/6/22 at 1:25 pm to
quote:

You don’t need 20% to avoid pmi

Guys, he’s not wrong. I just got offered a 95% LTV loan w/no PMI last week, BUT that was through a local bank that I already do business with.
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