Thread: Money How broke are you?
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Old 06-17-2016, 03:48 PM   #561
lewdog lewdog is offline
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Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
Quote:
Originally Posted by Amnorix View Post
What, you don't like paying insurance to cover someone ELSE'S risk?

Yeah, every homeowner who pays PMI must work to eliminate it as soon as possible. It does absolutely nothing for them.
You can pay off the PMI outright on a mortgage from the start if you aren't getting the 20% down to avoid the PMI. Not sure why more people don't do this but is saves you money in the long run and obviously makes your monthly payments less.
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