Alicia McElroy
PMI or pay down
My husband and I are planning on purchasing a fixer-upper in a good neighborhood. Our accepted offer price is $73,500. The most recent appraisal was $99,500 in 2007, before the housing market crashed. We are plan o...
David Li
pay pmi or avoid it?
hello everyone? so im a new investor and ready to buy my first house. the question i have is that i saved up right around 120k and im thinking if i should just put 20% down on a 500K home and not pay pmi? or just put ...
David Jackson
Would you pay 20% down or pay PMI.
You have limited funds of 200k cash. Would you pay 20% down OR pay 10% down with PMI?
Julio Contreras
Single Pay Mortgage Insurance - PMI Upfront
Hello BP members!!!Anyone know more about Single Pay Mortgage Insurance? I have read that you can pay all your PMI Upfront so you dont have to pay it monthly, thus making your total monthly mortgage payment smaller. I...
Justin Pace
What do you pay in PMI?
Hey All,I was looking into buying a SFR at 5% down. I was wondering what you pay for PMI and if it kills your cash flow. If you currently are paying PMI, what was you loan amount, down payment and monthly PMI cost?Tha...
William D.
Pay Down Mortgage to Remove PMI and Pay Down Loan?
BP! I purchased a 1bed 1 bath condo in NYC for 260k with a 15k sellers concession for the down payment. 275k in total. I put 10% down 27kI did a full renovation for about 28k. I closed this past February and live in t...
Art Maydan
Paying Down PMI vs. Buying More Property
Hey everybody, I'm currently house hacking a duplex and $300 of my $1,800 mortgage payment is PMI. I could increase payments until I have 20% equity before putting money toward another property. Or I could keep making...
Greg White
Get more leverage in exchange for paying PMI?
If PMI for rental property mortgages is tax deductible, then is a 20% down payment as important as it would be for a home you would occupy or live in? For a rental property it seems like you can do a lower down, get m...
Bob Ross
Keep your cash rather than avoid paying PMI?
Is it ever advisable to not pay 20 percent down even if you have the cash to do so? Let’s say by not paying the 20 percent down requires pay pmi, but instead you choose to keep the money in stocks or just want the mon...
Garrett F Anderson
Pay off PMI or save for a rental?
I purchased a house in a neighborhood with a strong rental market. I bought the house with an FHA loan so there is PMI on top of my mortgage payment. If I were to move, it wouldn't make sense to rent out the house b...