LogFAQs > #886472134

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Topic	I have about 20k saved up.
DifferentialEquation 09/12/17 2:28:46 PM #24:	Giant_Aspirin posted... DifferentialEquation posted... At the very least, make sure you put down enough to avoid permanent PMI. i've never heard of "permanent PMI". PMI is something you pay when your down payment is less than 20% of the value of the home. once your total amount invested into the property exceeds 20%, the PMI is dropped. I've been told that if you put down less than a certain percent than PMI stays for the life of the mortgage. --- "If the day does not require an AK, it is good." The Great Warrior Poet, Ice Cube <cite>DifferentialEquation posted [p:886472134] in I have abo... [t:75766827]...</cite> <quote><cite>Giant_Aspirin posted...</cite> <quote><cite>DifferentialEquation posted...</cite> <quote>At the very least, make sure you put down enough to avoid permanent PMI.</quote> i've never heard of "permanent PMI". PMI is something you pay when your down payment is less than 20% of the value of the home. once your total amount invested into the property exceeds 20%, the PMI is dropped.</quote> I've been told that if you put down less than a certain percent than PMI stays for the life of the mortgage. --- "If the day does not require an AK, it is good." The Great Warrior Poet, Ice Cube</quote> ... Copied to Clipboard!
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