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Reply to "10% down no PMI?"
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[quote=Anonymous][quote=Anonymous]Never a good idea to only put 10% down on a house, and in most cases yes, you will have to pay PMI. [/quote] Why not? It would probably take another 5+ years to save 20% while renting a place large enough for our family. By then, we might be completely priced out. We are looking way under what we're qualified for so we can comfortably afford the monthly payment with only 10% down. It seems like a better idea than renting until we're 40.[/quote]
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