3 ms·
The ability to pass less than 20% with PMI has been a thing for a long time... It was around before the 2008 crash and never went away afterwards. The bar to qu
by burlesona 5y ago
The ability to pass less than 20% with PMI has been a thing for a long time... It was around before the 2008 crash and never went away afterwards. The bar to qualify for a mortgage went up, and has come back down some (though not all the way to pre-2008 levels), but PMI didn't really change AFAIK.
- ghaff 5y agoI had a mortgage that had PMI for a time in the late 90s. (I could have afforded 20% but then I couldn't have afforded a bunch of improvements which the fixer-upper really needed.)