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Updated over 3 years ago on . Most recent reply
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Second House Purchase After Renting My First
Hey everyone! So I was initially going to sell my house but the buyer backed out due to roof needing replaced and didn't want to negotiate... that being said I am thinking about refinancing it instead to lower the payment and get rid of PMI so I can cash flow the property and hold onto it. I would like to move into another house but wasn't sure what I will have to put down on my second home. 2 years ago when I bought my first I only had to put down 3.5%. Would that be the case for a second home aswell or will it be 5, 10, or 20%? Thank you all!