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re: Getting rid of mortgage insurance- Updated with answer

Posted on 3/20/18 at 12:42 pm to
Posted by ATLdawg25
Atlanta, GA
Member since Oct 2014
4370 posts
Posted on 3/20/18 at 12:42 pm to
quote:

I didn’t want to risk spending $500-$600 and it not appraise.

quote:

Instead, what I did was spend down all the cash I had on extra principal payments to void the PMI, and took on interest free credit card debt to pay bills.

Your take on risk is very interesting.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13932 posts
Posted on 3/20/18 at 12:55 pm to
quote:

Your take on risk is very interesting.

I mean... I leveraged free money. It was a calculated risk. Saved me $500.
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