Posted on: 27th Aug, 2013 01:39 am
I have saved a down payment of 15%. Should I wait till I have 20% down payment? Will I be able to avoid PMI with 10% down payment?
Hi Porche,
You can wait till you have saved 20% down payment. Unless you have 20% down payment, you won't be able to avoid the PMI.
Thanks,
Jerry
You can wait till you have saved 20% down payment. Unless you have 20% down payment, you won't be able to avoid the PMI.
Thanks,
Jerry
Hi Porche,
It will be a good option to wait till you have 20% down payment saved in your account. This will make things easier for you and you will be able to avoid private mortgage insurance (PMI). With a 10% down payment, you won't be able to avoid PMI.
Thanks
It will be a good option to wait till you have 20% down payment saved in your account. This will make things easier for you and you will be able to avoid private mortgage insurance (PMI). With a 10% down payment, you won't be able to avoid PMI.
Thanks
Don't think twice. Wait until you can save 20% of the total loan amount. It's always best to avoid paying the PMIs.