LogFAQs > #905016419

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TopicQuestion about PMI and equity...
chrono625
07/13/18 2:49:51 PM
#3:


That's why financial experts say to put 20% down on a home. To avoid PMI.

So if you put 10% down and in that time your house has managed to accrue an additional 10% (through just paying up to that principle amount or maybe the value of the home went up enough) you'd be out of the PMI water.
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