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re: America's housing policy: The definition of insanity
Posted on 10/22/14 at 9:12 pm to Boomshockalocka
Posted on 10/22/14 at 9:12 pm to Boomshockalocka
quote:Only doctors can avoid this for the most part
Is it not possible to avoid PMI with less than 20% down even with an outstanding credit score?
2
Posted on 10/22/14 at 9:14 pm to lsupride87
My opinion on the loan situation is the fact that they have these stone clad rules for everyone, with no common sense allowed to be used by the bank. Newly married 26 yr old couple, both CPAs, with little money down and little credit because they recently got out of school(lets say scores of 710, so good for being young), are thrown in the same bucket as 45 year old couple with little money down because they pissed it away with credit score of 670 because of bad payment history
Posted on 10/23/14 at 7:02 am to lsupride87
quote:
quote: Is it not possible to avoid PMI with less than 20% down even with an outstanding credit score? Only doctors can avoid this for the most part
VA loans do not require PMI.
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