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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 9:56 pm to Chasin The Tiger
Posted on 11/19/20 at 9:56 pm to Chasin The Tiger
quote:
You do realize that my mortgage payment with principal, interest, pmi, insurance, and taxes was the same amount as if I had rented the same house? And I probably spent less than $1000 in maintenance in the 2 years I owned it.
And what percentage of that money would you say went to your principal during those two years?
Posted on 11/19/20 at 10:08 pm to Joshjrn
Well 0 was going to principal when he was renting
Posted on 11/19/20 at 10:17 pm to Joshjrn
Not to mention the tax deductions and the home appreciated 80k in 2 years.
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