4 ms·
> but they just can't afford that down payment (especially the 20% needed so as to not need to get mortgage insurance) Mortgage insurance is not a bad thing.
by rs999gti 4y ago
> but they just can't afford that down payment (especially the 20% needed so as to not need to get mortgage insurance)
Mortgage insurance is not a bad thing. But the FHA loans in the US solves the 20% issue by only requiring 3.5% down.
- bumby 4y agoI think their point was that the additional cost of insurance may skew the affordability