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It is a good idea to have at least 10% down so you can get an 80-10-10 and avoid PMI or consider FHA if your credit isn't great. If you
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01-28-2011, 05:49 PM
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#24 (permalink) |
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A True Z Fanatic
Join Date: Jul 2010
Location: Virginia
Posts: 1,134
Drives: 2009 Touring Sp Nav
Rep Power: 18  |
It is a good idea to have at least 10% down so you can get an 80-10-10 and avoid PMI or consider FHA if your credit isn't great.
If you have to get PMI, make sure you can get out of it when your equity reaches 20%.
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