It’s not an enormous hurdle for folk that already own a home, but it creates a huge barrier to entry. You can get in for less but then you get to waste obscene amounts of money on PMI. Literally just throwing money into someone else’s pocket for no return.
It’s not an enormous hurdle for folk that already own a home, but it creates a huge barrier to entry. You can get in for less but then you get to waste obscene amounts of money on PMI. Literally just throwing money into someone else’s pocket for no return.