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re: Is it always best to put 20% down on a house to avoid PMI?
Posted on 11/20/20 at 9:44 am to pioneerbasketball
Posted on 11/20/20 at 9:44 am to pioneerbasketball
Congrats on your house. This is one of those situations where it’s risk in the market vs getting rid of PMI. For me, I would get rid of the PMI and reduce my debt. Others will invest. Neither is wrong, it just depends on your mindset.
If you’re able to save 10% of your earnings either way, you are going to be fine long term no matter what you decide.
If you’re able to save 10% of your earnings either way, you are going to be fine long term no matter what you decide.
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