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Message
re: Question About PMI/Home Buying (Update on pg 3)
Posted on 4/10/13 at 1:18 pm to LETSGEAUX2
Posted on 4/10/13 at 1:18 pm to LETSGEAUX2
Don't pay PMI. Find a way to put down 20%.
2
Posted on 4/10/13 at 1:22 pm to RidiculousHype
quote:
Don't pay PMI. Find a way to put down 20%.
I used to feel this way, but I have the feeling that rates are going to start marching up soon.
Maybe paying PMI isn't so bad if the alternative is to save and wait to buy after rates have gone back up into the 5s.
Posted on 4/10/13 at 1:26 pm to RidiculousHype
quote:some people just can't do it.
Don't pay PMI. Find a way to put down 20%
the housing market is picking up and rates are going to go up.
I'm going to go FHA on my next home and I don't mind because some of the houses I'm looking at went for almost 200k MORE 7 years ago, it's only a matter of time before it reaches that again
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