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Message
re: 20% down on a house…is it dumb?
Posted on 2/5/22 at 8:38 pm to Hou_Lawyer
Posted on 2/5/22 at 8:38 pm to Hou_Lawyer
quote:
You don’t need 20% to avoid pmi if you have excellent credit and a good broker.
Explain that
1
Posted on 2/7/22 at 12:17 am to Vrai
Well, my house I just bought was $800k. I was going to put 20% down. Broker said I could do 10% and the second loan for the remainder would vest in 15 yrs (balloon) for the other 10%. Both rates were the best on the market and I have other investments I want my $ in. Am doubling principal payment on the second.
No pmi.
No pmi.
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