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Also, if you want to avoid paying PMI you can get a second mortgage to cover most of the down payment. With current low rates even if the APR for a second mortg
by woobar 5y ago
Also, if you want to avoid paying PMI you can get a second mortgage to cover most of the down payment. With current low rates even if the APR for a second mortgage is 1% higher, one can save a lot by paying this high rate on a much smaller portion of the ballance.
- jrochkind1 5y agoI thought most lenders stopped allowing that after the last housing bubble. Are they doing it again? Hmm.