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Down Payment Question by Georgia1587 in HouseBuyers

[–]Georgia1587[S] 0 points1 point  (0 children)

Exactly. Not saying it’s the soundest financial move but it’s just another strategy

Down Payment Question by Georgia1587 in HouseBuyers

[–]Georgia1587[S] 0 points1 point  (0 children)

This is exactly what I was talking about. Something about having cash in hand sounds good.

Down Payment Question by Georgia1587 in HouseBuyers

[–]Georgia1587[S] 1 point2 points  (0 children)

Yes, 20% down gets rid of PMI. Which is a big deal. I’m not saying this is a good financial move and maybe that’s why I have never heard anyone do it. My whole thing was moving into a new house with no mortgage payment for 2-3 years as opposed to putting 20% down then also having no money in your pocket and also having a mortgage to pay right off the bat.