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Updated about 9 years ago on . Most recent reply

Is PMI decreased the closer you get to a 20% down payment?
Hello BP,
I'm wondering if the amount of PMI is decreased the closer you get to a 20% down payment? OR is it pretty black and white... you either put 20% down or not.
Thank you
Most Popular Reply

Check to make sure you're not paying PMI for the life of the loan. You might have to refi to stop paying it.