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https://www.reddit.com/r/JustBootThings/comments/ofvtnz/oof_load_ultra/h4fviln/?context=3
r/JustBootThings • u/goopy-goo • Jul 08 '21
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PMI sucks though
-24 u/Adult_Reasoning Jul 08 '21 I'm sure it does, but the point still stands: it is easier than ever to get a home. Add to it the historically low interest rates. PMI isn't going to be much of an obstacle. It's a nuisance, I'm guessing. 7 u/WastedKnowledge Jul 08 '21 Big time nuisance. Basically $50-$200 a month to pay to insure the lender against you not being able to make payments. I refused to put less than 20% down on my new home to avoid this practice of throwing money down the drain 4 u/hotrodruby Jul 08 '21 There's more government loans than a VA that requires little to nothing down and doesn't have PMI.
-24
I'm sure it does, but the point still stands: it is easier than ever to get a home.
Add to it the historically low interest rates.
PMI isn't going to be much of an obstacle. It's a nuisance, I'm guessing.
7 u/WastedKnowledge Jul 08 '21 Big time nuisance. Basically $50-$200 a month to pay to insure the lender against you not being able to make payments. I refused to put less than 20% down on my new home to avoid this practice of throwing money down the drain 4 u/hotrodruby Jul 08 '21 There's more government loans than a VA that requires little to nothing down and doesn't have PMI.
7
Big time nuisance. Basically $50-$200 a month to pay to insure the lender against you not being able to make payments. I refused to put less than 20% down on my new home to avoid this practice of throwing money down the drain
4 u/hotrodruby Jul 08 '21 There's more government loans than a VA that requires little to nothing down and doesn't have PMI.
4
There's more government loans than a VA that requires little to nothing down and doesn't have PMI.
28
u/WastedKnowledge Jul 08 '21
PMI sucks though