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PMI...What's the Point?
Moderators: synthetik, The Tim, Lake Hills Renter
18 posts
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Re: PMI...What's the Point?
by Ubersalad » Wed Oct 22, 2008 2:47 pm
PMI was the standard for borrowers without 20% downpayment, and in many cases it actually make more sense than to get a 20% HELOC or paying 4% higher for a fixed 2nd mortgage. Once this storm blows over, PMI will probably return as the standard for 80%+ LTV borrowers again.
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Re: PMI...What's the Point?
by WestSideBilly » Wed Oct 22, 2008 4:27 pm
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Re: PMI...What's the Point?
by Ubersalad » Wed Oct 22, 2008 6:46 pm
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18 posts
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