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A comment on Some young people are buying houses with friends. Parent comment

Re:Some young people are buying houses with friends by moorhosj on Wednesday March 06, 2019 @03:49PM (#19322612)
This likely comes with a monthly PMI payment. Correct?
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Re:Some young people are buying houses with friends by spectrum1234 on Wednesday March 06, 2019 @05:10PM (#19323405)
Do people know situations where its possible to not have PMI with a bit less than 20% down?

Ideally they wouldn't increase your rate then. I know SoFi has no PMI with 10% down but I believe rates are slightly higher.

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Re:Some young people are buying houses with friends by mlboss on Wednesday March 06, 2019 @07:05PM (#19324315)
You can ask lender to drop PMI once 20% downpayment is reached.
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Re:Some young people are buying houses with friends by ensignavenger on Wednesday March 06, 2019 @03:57PM (#19322704)
Yes, in most cases.
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