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Cpt2007
A new love!
Member since 1/08 5946 total posts
Name:
Liz
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Re: downpayment....
Posted by snowflake08
Nik211 - Just wondering, how is the PMI so low? the reason we are doing 20% is that the PMI would be $142 per month
JML83 - How do you not pay PMI if you put less than 20%
just wondering and hoping we did the right thing!!
if you have access to one, check out a credit union for mortgages. we're going through mine and we aren't paying PMI and are only putting down 5%...
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Posted 8/27/09 10:05 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: downpayment....
0% no PMI on a VA loan 
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| Posted 8/27/09 10:36 AM |
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MetsGirl07
LIF O2 Vendor
Member since 12/07 16202 total posts
Name:
Deanna
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Re: downpayment....
we put 20% to avoid PMI
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| Posted 8/27/09 10:56 AM |
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HeatherRose
Life is Good :)
Member since 11/07 6605 total posts
Name:
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Re: downpayment....
Posted by skinny
We did an FHA so only put 3.5% down.
We could have put down a bit more but wanted some $ for repairs, furniture, etc....
this is exactly what we are going to do
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| Posted 8/27/09 11:10 AM |
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Pumpkin
LIF Adult
Member since 5/05 3353 total posts
Name:
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Re: downpayment....
5 % we pay PMI but would rather have the money in the bank
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| Posted 8/27/09 12:41 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: downpayment....
we are 20% people (first 2 places), but we are buying up now and we're not going to make it (since this market is down)
I'm not really worried about it.
Message edited 8/28/2009 4:50:49 PM.
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| Posted 8/27/09 3:47 PM |
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MrsDrMatt
Live and RUN like a Ninja!
Member since 5/06 3104 total posts
Name:
MrsDrMatt
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Re: downpayment....
30%
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| Posted 8/28/09 1:00 PM |
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greenfreak
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Member since 9/06 11483 total posts
Name:
greenfreak
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Re: downpayment....
5%, no PMI, lots of $ left in the bank after closing for repairs and furniture purchases.
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| Posted 8/28/09 2:21 PM |
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MrsUta
LIF Adolescent
Member since 2/08 771 total posts
Name:
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Re: downpayment....
20%
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| Posted 8/28/09 2:46 PM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: downpayment....
20%
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| Posted 8/28/09 3:01 PM |
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julz33
i run for bacon
Member since 5/05 20584 total posts
Name:
julz
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Re: downpayment....
Our first house, 20% down.
Now we're looking to put 40-50% down on our next house.
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| Posted 8/28/09 4:45 PM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: downpayment....
20%
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| Posted 8/28/09 7:03 PM |
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babymakes3
Almost there!
Member since 7/06 7376 total posts
Name:
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Re: downpayment....
We put down 3.5% on a conventional mortgage. We are paying PMI but we hope to eradicate it in the next year or so (with FHA we couldn't do that). The house appraised for more than we paid plus we did a lot of renovating.
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| Posted 8/28/09 7:16 PM |
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JML83
LIF Adolescent
Member since 12/07 540 total posts
Name:
Lauren
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Re: downpayment....
Posted by snowflake08
Nik211 - Just wondering, how is the PMI so low? the reason we are doing 20% is that the PMI would be $142 per month
JML83 - How do you not pay PMI if you put less than 20%
just wondering and hoping we did the right thing!!
It was an program offer through wells fargo...2 weeks after we locked in they got rid of our program. This was around March/April of 08
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| Posted 8/28/09 11:37 PM |
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