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re: First time home buyer question

Posted on 4/20/19 at 4:31 pm to
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75378 posts
Posted on 4/20/19 at 4:31 pm to
PMI is not a death sentence as most make it out to be. Put down 5-10%, and invest the rest. After all, PMI is tax deductible.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
49122 posts
Posted on 4/20/19 at 4:41 pm to
quote:

PMI is not a death sentence as most make it out to be. Put down 5-10%, and invest the rest. After all, PMI is tax deductible

It's not a big deal. Sure it might add an extra $100-150 to your payment but it's something that the vast majority of first time homeowners will pay.
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