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re: Is it always best to put 20% down on a house to avoid PMI?
Posted on 11/19/20 at 10:24 am to PropofoLSU
Posted on 11/19/20 at 10:24 am to PropofoLSU
quote:
For example, while the gentlemen above “made 80k” on his sale he is neglecting to take into account the amoritization of front loaded interest he paid as his loan wasn’t 2.8%
It doesn't matter, he still made 80k.
It's pretty easy with PMI, do the math of what a reasonable return on that capital will get you in another investment vs. the cost of the pmi.
1
Posted on 11/19/20 at 11:27 am to barry
It is amazing that almost everyone on TD has figured out how to outsmart the market. No one here has ever lost $.
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