[quote=“BikerFry,post:10,topic:34973"”]
lol oh fuck no. I’m not THAT bad with money.
Not sure how exactly what my mortgage broker did. It’s been 2 years so I don’t really remember, but I seem to remember something about paying a slightly higher interest rate (maybe 0.3%) in exchage for no PMI. Which works because PMI’s don’t go away until you have 20% of the house paid off and I will not own this house that long. The higher interest rate was still cheaper than the PMI.
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PMI is really the only thing holding me back from buying a house right now. I want to have 20% down and I am close but then you factor in closing costs and it will take a few more months or saving.
I’d like to know more about this mortgage. Who it’s with, interest rate (granted it’s two year old), what the stipulations are, do you have an early payment penalty, etc.