Re:Maybe Treating Housing as an Investment Was a Colossal Mi...
by freitzkriesler2 on Monday March 06, 2023 @12:51PM
(#35044616)
You don't need 20% down. This is a lie that keeps getting perpetuated.
I put 3.5% down on my first house and even with PMI the mortgage payment is less than rent.
To add insult to injury, the massive housing inflation of the past 2 years got the LTV well above 20% which then allowed me to remove PMI lowering my payments even further.
I put 3.5% down on my first house and even with PMI the mortgage payment is less than rent.
To add insult to injury, the massive housing inflation of the past 2 years got the LTV well above 20% which then allowed me to remove PMI lowering my payments even further.