4 ms·
If you're a HENRY (High Earner, Not Rich Yet), and have a good credit score (>740), you might qualify for a mortgage with 10% down payment without PMI/second mo
by findjashua 10y ago
If you're a HENRY (High Earner, Not Rich Yet), and have a good credit score (>740), you might qualify for a mortgage with 10% down payment without PMI/second mortgage.
With a frugal lifestyle, 10% should be doable in a couple years, especially if you're okay with living in the East Bay (so the house price is somewhat reasonable).
- Rapzid 10y agoI'm certainly not agreeing with the value prop of the Bay Area, but PMI is actually not such a bad deal if you have prospects. It's not very much extra a month, and now you can get it removed after you have 20% equity in your home by request.