I put down just enough to get the rate I wanted and avoid PMI. At the end of

Jan 28, 2015
3:14:45pm

blackandblue

every year, I make a lump sum payment towards the principle in addition to my monthly payments. Theoretically, you could pay minimum and invest the difference, but I'd rather tackle debt at the same time as investing in retirement, etc.

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blackandblue

Bio page: blackandblue
Joined: Aug 12, 2011
Last login: May 3, 2024
Total posts: 24,568 (2,577 FO)

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Messages

Author

Time

If you can put down a sizable down payment on a house, should you?

Bronoc

1/28/15 2:53pm

just enough to get the best rate and get out of mort. ins

kotacoug

1/28/15 2:56pm

Make it below jumbo and avoid PMI. That's all.

kurda

1/28/15 2:57pm

Always better to put at least 20% down, IMO, to avoid PMI.

frontrowcougar

1/28/15 2:59pm

I put down just enough to get the rate I wanted and avoid PMI. At the end of

blackandblue

1/28/15 3:14pm

Make the seller pay the single premium MI and never have monthly MI put 5% down

TonyStark

1/28/15 3:22pm

Makes more sense but 13 months ago i paid off house 3 1/2% loan with no regret,

roseyscenario

1/28/15 3:24pm

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