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All Forum Posts by: Jaspreet Mavi

Jaspreet Mavi has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: Does 2nd primary home qualify for 5% Down?

Jaspreet MaviPosted
  • Posts 2
  • Votes 0
Thank you, you guys have been great help. Since we are discussing down payment, What thoughts on 5% vs 20% down. Is it worth paying PMI and keeping the extra 15 in pocket for another property? - 4- plex property; asking $500k; Still having positive cash flow about $1200 after payment, taxes and PMI etc.
0 Votes
Buying & Selling Real Estate

Post: Does 2nd primary home qualify for 5% Down?

Jaspreet MaviPosted
  • Posts 2
  • Votes 0
I bought my first home in may 2019. I decided to refinance since interest rates are low. My refinance is with a different lender this time. Does my one year requirement to live in primary home starts all over? I am looking to purchase another property as a primary home and rent my current one. If yes, can I put down 5% down for purchase?
0 Votes