Creative ideas re: PMI - Posted by bmeesh

Posted by Brian (ca) on September 24, 2004 at 14:06:57:

One way would be to do an 80/10/10 where the first is only 80% and you have a second for the 10%. Another is to find a lender that will do 90% with no MI. These are typically subprime but don’t let that scare you too bad because they have become pretty competitive in rates…
Brian

Creative ideas re: PMI - Posted by bmeesh

Posted by bmeesh on September 24, 2004 at 13:10:55:

I have a property that I have 10% down on. I will incur PMI. I have access to another 10% but don’t want to keep it in the property once I have closed. How can I “skirt” around the pmi and pull my cash back out? Thanks