agoristesq on Nostr: The problem is they changed the rules. If you put less than 10% of the purchase ...

The problem is they changed the rules. If you put less than 10% of the purchase price, regardless of equity, you pay the PMI for the whole 30 years unless you do a total refinance into a private mortgage versus FHA. If you put down more %, you now pay for 11 years. It’s nonsense and they totally did it to punish people who find good deals so they can put less $ down.