landlordlover@lemmy.worldBanned to Lemmy Shitpost@lemmy.worldEnglish · 3 years agoNo one really understands our strugglelemmy.worldimagemessage-square359linkfedilinkarrow-up11.05Karrow-down1127
arrow-up1920arrow-down1imageNo one really understands our strugglelemmy.worldlandlordlover@lemmy.worldBanned to Lemmy Shitpost@lemmy.worldEnglish · 3 years agomessage-square359linkfedilink
minus-squareMyNameIsIgglePiggle@sh.itjust.workslinkfedilinkarrow-up2arrow-down1·3 years 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-squareryathal@sh.itjust.workslinkfedilinkarrow-up1arrow-down1·3 years agoYou don’t need 20%, you do need at least 3% in most cases. You then pay pmi which is an extra cost.
minus-squareKIM_JONG_JUICEBOX@lemmy.mllinkfedilinkEnglisharrow-up1·3 years 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.