@[email protected] to Lemmy [email protected]English • 10 months agoNo one really understands our strugglelemmy.worldimagemessage-square331fedilinkarrow-up11.04Karrow-down1125cross-posted to: [email protected]
arrow-up1916arrow-down1imageNo one really understands our strugglelemmy.world@[email protected] to Lemmy [email protected]English • 10 months agomessage-square331fedilinkcross-posted to: [email protected]
minus-square@MyNameIsIgglePigglelink1•10 months agoI don’t understand why a 20% deposit is necessary. If you can make repayments as you can make rent, let them own the house already
minus-square@ryathallink0•10 months agoYou don’t need 20%, you do need at least 3% in most cases. You then pay pmi which is an extra cost.
minus-square@[email protected]linkfedilinkEnglish1•10 months agoPMI sucks too. (Again, banks suck.) but it’s still better than paying rent.
I don’t understand why a 20% deposit is necessary. If you can make repayments as you can make rent, let them own the house already
You don’t need 20%, you do need at least 3% in most cases. You then pay pmi which is an extra cost.
PMI sucks too. (Again, banks suck.) but it’s still better than paying rent.