All Forum Posts by: Huy Vo

Yes my lender offering the same rate at both. That's interesting to know. Maybe I should try to shop for more options at 3% down with better rates?

 Sure thing, I'll message you my email

Thanks for the reply, @Charles Lomolino III. I think I'll go with 5% as well. Also didn't know about that insurance prepay discount, have to message my lender and see if they offer that.

Hi BiggerPockets, I'm trying to get a pre-approval to purchase my first home and getting quotes from several lenders for both 3% and 5% down options. The overall estimates are I'll be getting the same rate on either scenario but I'll pay about $55 (50%) more on PMI with 3% down but I'll be saving $5000+ in total money invested with this option.

Doing a quick calculation for 3% down:
- my monthly PITI is more because I owe more.

- I pay more PMI, at $55*12=$660 per year.

And if I was to put invest $5000 into something else, on average I could get probably ~10% growth which earns $500 a year which is much less than $660. This makes paying 5% much more attractive. Am I missing anything here? Is it in general better to just pay 5% instead of 3% for a conventional loan?
Would appreciate your advice. Attaching the quote here for better referencing.

Hello BiggerPockets community,

I'm looking into analyzing my first investment property and stumbling upon a situation with this bathtub. I want to either replace it or convert it to somehow have a shower and it can still serve as a comfortable bathing area.
I was just wondering if taking the entire thing out and putting in a new proper bathtub is the only solution or is there a more economical way to add a shower make this work? Would highly appreciate your advice. Thank you.

(btw what is the name of this bathtub style? Google search has shown me jacuzzi tub, whirlpool tub, etc.)

Hey Sean,

I went to the Brewery for the event but I didn't see anyone there. Was it cancelled?