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TopicGood news: turns out my state has zero interest deferred loans for new homebuyer
Agonized_rufous
01/15/23 11:56:06 AM
#8:


emblem-man posted...
Does PMI differ greatly? I know for us, we put 5% down and the PMI is like $80 or something. While it's not nothing, it's much better than trying to save up the additional 15% to avoid it.

I just dislike it on principle more than anything. It can vary...iirc it's between .5-2% depending on your credit.

In almost every scenario, it better to pay it than to rent. Eventually you can refinance or get an appraisal that shows your house has enough equity to stop it


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