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by Overtonwindow 3805 days ago
I think the 20% number is a misnomer. It's a good number to have, but I think you can get away with less. I have good credit, not super great, but good. I have some student loan debt. I have some credit card debt. However I was still only required to put down $10,000 with an interest rate of 3% to get my home. For me, when I added up mortgage, interest, insurance, and basic bills, it was still less than living in An apartment.
1 comments

20% is the number required to avoid having to pay PMI