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is it better to get PMI or a Second mortgage if you cant afford the full 20% down?
Neither. Buy something more affordable... (but probably PMI is better as you can eliminate it if value goes up or you pay off enough to get loan to value ratio down.)
Find a mortgage broker to run you through both numbers. Likely your first mortgage won’t qualify for prime rate either way
Also I had the seller pay my pmi upfront
How do you do this in this competitive market ?
I negotiated it...bought in Queen Anne area 6 months ago
All the big banks offer 10% down no pmi.
What you mean?
Even if you're an average Joe (no millions in their bank) ?
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Engagement ring conundrum
Neither. Buy something more affordable... (but probably PMI is better as you can eliminate it if value goes up or you pay off enough to get loan to value ratio down.)