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re: Is it always best to put 20% down on a house to avoid PMI?Posted by castorinho 
on 11/18/20 at 9:34 pm to TigerintheNO
on 11/18/20 at 9:34 pm to TigerintheNOquote:woah. Let's not just skip over this
I think this might be the account of the guy who was cheating on his pregnant wife and got caught. Whatever happened he deleted over 70K post and rumors where is paid a teenager to take over his account.
re: Is it always best to put 20% down on a house to avoid PMI?Posted by rintintin 
on 11/18/20 at 9:36 pm to pioneerbasketball
on 11/18/20 at 9:36 pm to pioneerbasketballThis may be the most interesting MB thread to date 
re: Is it always best to put 20% down on a house to avoid PMI?Posted by pioneerbasketball 
on 11/18/20 at 9:40 pm to KamaCausey_LSU
on 11/18/20 at 9:40 pm to KamaCausey_LSUquote:
Becoming a homeowner at 22 is no small feat.
Ty
Helps that I have stayed single 
re: Is it always best to put 20% down on a house to avoid PMI?Posted by pioneerbasketball on 11/18/20 at 9:41 pm to meansonny
on 11/18/20 at 9:41 pm to meansonnyPlan is to stay in the house for 5-8ish years.
Obviously, there are many variables in play.
Obviously, there are many variables in play.
re: Is it always best to put 20% down on a house to avoid PMI?Posted by rintintin on 11/18/20 at 9:45 pm to pioneerbasketball
on 11/18/20 at 9:45 pm to pioneerbasketballCan you address the pertinent questions here please?
re: Is it always best to put 20% down on a house to avoid PMI?Posted by GeorgeTheGreek 
on 11/18/20 at 11:39 pm to pioneerbasketball
on 11/18/20 at 11:39 pm to pioneerbasketballYou started posting on TD at age 7? Damn.
re: Is it always best to put 20% down on a house to avoid PMI?Posted by RATeamWannabe 
on 11/19/20 at 8:09 am to pioneerbasketball
on 11/19/20 at 8:09 am to pioneerbasketball re: Is it always best to put 20% down on a house to avoid PMI?Posted by Supravol22 
on 11/19/20 at 8:19 am to pioneerbasketball
on 11/19/20 at 8:19 am to pioneerbasketballIf you can financially afford to put 20% down to avoid it, do it. Otherwise, you're literally paying for the bank's insurance on your loan...
If it's going to really strain you to put 20% down, then it may not be worth it.
If it's going to really strain you to put 20% down, then it may not be worth it.
re: Is it always best to put 20% down on a house to avoid PMI?Posted by thegreatboudini 
on 11/19/20 at 8:24 am to pioneerbasketball
on 11/19/20 at 8:24 am to pioneerbasketballquote:
I'm 22 years old
quote:
Registered on: 10/24/2005
re: Is it always best to put 20% down on a house to avoid PMI?Posted by TigerintheNO 
on 11/19/20 at 9:55 am to castorinho
on 11/19/20 at 9:55 am to castorinho He was hiding from somebody
I couldn't find the other thread, but either a pregnant wife, aliens, conspiracy theorist... he got spooked.
I couldn't find the other thread, but either a pregnant wife, aliens, conspiracy theorist... he got spooked.
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re: Is it always best to put 20% down on a house to avoid PMI?Posted by barry 
on 11/19/20 at 10:24 am to PropofoLSU
on 11/19/20 at 10:24 am to PropofoLSUquote:
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.
re: Is it always best to put 20% down on a house to avoid PMI?Posted by FinleyStreet 
on 11/19/20 at 12:05 pm to TigerintheNO
on 11/19/20 at 12:05 pm to TigerintheNOquote:
paid a teenager to take over his account.
Why pay someone take your account when you can disappear for free?
re: Is it always best to put 20% down on a house to avoid PMI?Posted by meansonny on 11/19/20 at 12:51 pm to pioneerbasketball
on 11/19/20 at 12:51 pm to pioneerbasketballquote:
Plan is to stay in the house for 5-8ish years.
Obviously, there are many variables in play.
If you are like most americans, you wont have the mortgage much over 5 years.
Putting 10% down gets you a "good enough" mortgage and you can invest the rest.
Or... look at a fixer upper/foreclosure and put as little down as possible and use the rest to appreciate the home and make a killing when you resell.
re: Is it always best to put 20% down on a house to avoid PMI?Posted by Ancient Astronaut 
on 11/19/20 at 12:54 pm to pioneerbasketball
on 11/19/20 at 12:54 pm to pioneerbasketballNo point in putting 20 down. If you want to avoid the insurance pay it off as you go along
Get to 85-90% loan to value and ask them to quote you for borrower-paid PMI. Can likely get rid of the PMI for less than the extra down payment, while keeping a little more cash. Best of both words.
re: Is it always best to put 20% down on a house to avoid PMI?Posted by thelawnwranglers on 11/19/20 at 1:24 pm to pioneerbasketball
on 11/19/20 at 1:24 pm to pioneerbasketballWait for Biden isn't he going to give credit for first time house buyers
re: Is it always best to put 20% down on a house to avoid PMI?Posted by jimbeam on 11/19/20 at 1:28 pm to thelawnwranglers
on 11/19/20 at 1:28 pm to thelawnwranglers15k wasn’t it? I done fricked up baw
This post was edited on 11/19 at 1:30 pm
re: Is it always best to put 20% down on a house to avoid PMI?Posted by Texas Tea 123 on 11/19/20 at 2:29 pm to jimbeam
quote:
Ok and if I rented during that same time period, I would've spent 80k with no return.
You do realize all the money you spent on interest, maintenance, transactions, etc could have been put into a different investment vehicle while you rented and made a return, right?
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