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Updated about 9 years ago on . Most recent reply

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491
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Benjamin Blackburn
  • Wholesaler/ Investor
  • Houston, TX
113
Votes |
491
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Is PMI decreased the closer you get to a 20% down payment?

Benjamin Blackburn
  • Wholesaler/ Investor
  • Houston, TX
Posted

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

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2,072
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1,685
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Darren Sager
  • Investor
  • Tampa, FL
1,685
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2,072
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Darren Sager
  • Investor
  • Tampa, FL
ModeratorReplied

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

  • Darren Sager
  • 862-208-2287
  • Podcast Guest on Show #48
  • Loading replies...