Friday, November 9, 2018

To PMI or Not to PMI (Part 2 of 5)

Why do I need PMI?

Coming up with 20% for a down payment obviously isn’t easy. “Many first-time homebuyers don't have that kind of money sitting around,” Randall Yates, founder and president of The Lenders Network, told us. So, PMI can spell the difference between being able to buy a home, and not—even if it costs you a couple hundred dollars a month.

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