Posted on: 19th Oct, 2010 03:57 pm
i was told i have to put down 20% that you can not get mortgage insurance in Florida with out it on a 2nd home purchase
Hi sandyleesam,
As far as I know, you'll have to put a down payment of 20% when you plan to buy a property by taking out a mortgage. If you're unable to pay 20% down, you'll have to go for PMI.
Thanks
As far as I know, you'll have to put a down payment of 20% when you plan to buy a property by taking out a mortgage. If you're unable to pay 20% down, you'll have to go for PMI.
Thanks