4 ms·
If they didn't have the cashflow to save 20% down, they will likely run into issues affording the PMI on the FHA loan.
by joshuamcginnis 8y ago
If they didn't have the cashflow to save 20% down, they will likely run into issues affording the PMI on the FHA loan.
- ceejayoz 8y agoMaybe. Maybe they've got a good paying job fairly quickly out of school and thus have great cashflow but not much in savings built up yet, like I did.
- LyndsySimon 8y agoNot always true. I was living in a high cost area that made it very difficult to save. Buying a house in a much cheaper area meant my monthly expenses were halved.