# Need Real Finance Advice? **URL:** https://forums.speedlife.net/t/need-real-finance-advice/247209 **Category:** Shift518 Off Topic **Created:** [September 30, 2009, 12:22pm UTC](https://forums.speedlife.net/t/need-real-finance-advice/247209 "2009-09-30T12:22:15Z") **Posts on this page:** 1 **Showing post:** 40
### Author: ![indy440](https://avatars.discourse-cdn.com/v4/letter/i/b5ac83/32.png) [@indy440](https://forums.speedlife.net/u/indy440) #### Post date: [October 1, 2009, 5:59am UTC](https://forums.speedlife.net/t/need-real-finance-advice/247209/40 "2009-10-01T05:59:31Z")
> [@Sabres games streaming anywhere?](https://forums.speedlife.net/t/sabres-games-streaming-anywhere/23170/61): > > How are u guys coming up w 20% down on houses? I work two jobs and I’m still strugglin to save massive amounts of money lol I only needed 3% when I bought my house. There is a penalty to not having 20% equity though. It forces you to pay PMI, which is some type of insurance the mortgage company charges you. Once you have 20% equity you can have that removed. However, if you can put 3% down, then take that remaining 17% and invest it into something that pays higher than the PMI charge, it might be smarter to go that route… unfortunately that is not the case for me, we just didnt have much savings at the time and could only afford 3%… --- _[View the full topic](https://forums.speedlife.net/t/need-real-finance-advice/247209)._