|
|
|
|
|
|
by anonymousiam
766 days ago
|
|
|
Not sure how it is today, but when I bought my first home in 1996, I needed to come up with 20% down in order to avoid wasting my money on PMI. PMI only benefits the lender, and the cost cannot be deducted as part of your mortgage interest tax credit. So if the same requirement still exists today, you can get a $150k house with 20% down for your $30k. Depending upon where you live and what you want, this may or may not be a realistic plan. https://www.investopedia.com/mortgage/insurance |
|
|