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12475 : Real Estate Advice

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Thu Jul 21, 2016
June Buerkle answered:
Then most people you know are buying more house than they can afford.

20% down is not excessive if you buy a starter home and then sell and buy your way up.

Lenders used to do piggy-back loans where you would close 2 loans on the property. 1 smaller loan was at a higher rate (but below PMI rates), in order to make the bigger loan below the 80% also threshold.

I am not sure if lenders have brought those back,yet like they have the 3% down loans.
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