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All Forum Posts by: Chase Terry

Chase Terry has started 1 posts and replied 1 times.

Starting Out

Post: Financing with PMI with a small property

Chase TerryPosted
  • Rental Property Investor
  • Enterprise, AL
  • Posts 5
  • Votes 2

I am making my first purchase in a small SFH. My lender just came back saying they won't lend under 50k but if I finance 50 I will accrue PMI. Would it be smart to still pull the loan and put down 15% then pay the next 5% the next month to have PMI stop? Or search for a new financing that will lend lower.

0 Votes