LogFAQs > #928894639

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Topic	Boy is buying a house way more expensive than it looks
Tired-Insomniac 10/17/19 4:22:11 PM #47:	Oh and if you or anyone in your family is currently or has ever served in the military you're eligible for membership at Navy Federal Credit Union, which has a 0% down, no-PMI mortgage. That's what we did. The interest rate is a bit higher (ours is 4.75%) but I mathed it out and our payment without the PMI is slightly lower than what a payment would have been if we got a normal 3% down mortgage and had to pay PMI...and we wouldn't have been able to keep our money in savings. --- "I like turtles" <cite>Tired-Insomniac posted [p:928894639] in Boy is buy... [t:78092381]...</cite> <quote>Oh and if you or anyone in your family is currently or has ever served in the military you're eligible for membership at Navy Federal Credit Union, which has a 0% down, no-PMI mortgage. That's what we did. The interest rate is a bit higher (ours is 4.75%) but I mathed it out and our payment without the PMI is slightly lower than what a payment would have been if we got a normal 3% down mortgage and had to pay PMI...and we wouldn't have been able to keep our money in savings. --- "I like turtles"</quote> ... Copied to Clipboard!
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