to avoid paying PMI, which is paid each month until you reach 20 percent equity

on a 300 k house putting down 10 percent, little over 100 a month and roughly 8 grand total would be paid into PMI
- homiedclown

PMI lasts for the entire life of an FHA loan now. They made that change back in early 2015.

I get why, but you don't have to put any more down than 3.5% for an FHA loan. That hasn't changed.

PMI lasts for the entire life of an FHA loan now. They made that change back in early 2015.

I get why, but you don't have to put any more down than 3.5% for an FHA loan. That hasn't changed.
- kingcong39

PMI lasts the entire life of the loan now? WOW

all this bichin and no (frank)in solutions out of the lot of ya. move on already.
- TheSabresTaco

Elect Jack Quinn as Emperor.

Problems solved.

Just a heads up: not sure where we're at with the blogger search. Haven't heard from Ek in a few weeks so

¯\_(ツ)_/¯

PMI lasts for the entire life of an FHA loan now. They made that change back in early 2015.

I get why, but you don't have to put any more down than 3.5% for an FHA loan. That hasn't changed.
- kingcong39

more greed

Elect Jack Quinn as Emperor.

Problems solved.
- RhinoFan

I'm going to see emperor Jack live tomorrow

all this bichin and no (frank)in solutions out of the lot of ya. move on already.
- TheSabresTaco

Fire all politicians into the sun. Term Limits
Politician becomes a part time job and not a full time career.
Make misuse of goverment money a minimum 100K fine with a 20% interest rate that the politician who did it have to pay back.
Politicians cant hold stock or if they do they are eliminated from voting on bills that would affect that industry.
Kill the pharmaceutical industry.
Stop giving out "Free money" - and this is just not covid related.

https://www.nfl.com/prosp...10-7427-f34a-bb0aa1d8e556

https://www.nfl.com/prosp...21-8895-fc23-d2bf4c921bd4

I'm going to see emperor Jack live tomorrow
- Hank Balling

I'm super jelly. Getting Krebs and Sammy back will only enhance the overall performance. Enjoy the show!

Fire all politicians into the sun. Term Limits
Politician becomes a part time job and not a full time career.
Make misuse of goverment money a minimum 100K fine with a 20% interest rate that the politician who did it have to pay back.
Politicians cant hold stock or if they do they are eliminated from voting on bills that would affect that industry.
Kill the pharmaceutical industry.
Stop giving out "Free money" - and this is just not covid related.
- ImThatGuy

Get the boomers that have absolutely raped and pillaged this country tf out of here.

- homiedclown

Yum

- homiedclown

Yummo

- homiedclown

Yummy!!

Heck of a game last night homie.

As a first time home buyer, the down payment is much less than 20%. Way, way less.

It was 3.5% when my wife and I purchased as first time home buyers.
- kingcong39

20% for conventional mortgages as an investor.

3.5% first time home buyer

20% for conventional mortgages as an investor.

3.5% first time home buyer
- Boss34

Are you saying conventional mortgages require 20% down for homes?

PMI lasts the entire life of the loan now? WOW
- Up2nuthun

Yup, regulations made that change 5 months before my wife and I purchased our home in 2015.

It's why we refinanced after 3.5 years.

The point was, and remains...things are relative.
Yes, prices are crazy high, absolutely no denying it.
Interest rates were out of sight when I first bought.
Student debt is high, I had high student debt too.

Are somethings more out of wack now, absolutely...
and there were other things out of wack back then.

But I sound like the man yelling at the clouds...through the roar of crybabies blaming everyone else.
Good times
- IonSabres

Yes complaining about how houses have doubled in price in 2 years is crying


Imagine paying double what you payed back in 1876... You couldn't have

more greed
- homiedclown

also more stupidity.. why would someone sign up for that knowing they are paying so much more.. stop being uninformed

Are you saying conventional mortgages require 20% down for homes?
- kingcong39

If you re-read the 2 line post....

Line 1. 20% for conventional as investors.

Yes complaining about how houses have doubled in price in 2 years is crying


Imagine paying double what you payed back in 1876... You couldn't have
- DirtyDan

I think ion was talking about the 1900's not 1876....

Correct if I'm wrong uncle ion

I think ion was talking about the 1900's not 1876....

Correct if I'm wrong uncle ion
- Boss34

No I think he was talking about 150 years ago cause clearly he has no idea