Filed Under: Mortgage
I just found an interesting suggestion about how to buy new home. According to him, what you need is make sure to have a good size down payment (DP) to avoid PMI or at least 20%. If you don’t know what PMI is, it’s an insurance for your bank to cover them in case you can’t pay your mortgage. Don’t pay this insurance that will only benefit someone else, the trick is got extra money so you can afford to pay 20% size DP at minimum.