Asked by Derrick Miller, Union City, MI • Sat Jul 20, 2013
Have a job offer, but have not started yet. My parents want to cosign to expedite the mortgage approval and purchase processes before I could do this on my own.
I have more that 10% but less than 20% downpayment. I could ALSO borrow the remaining funds from my parents but would rather bare this burden on my own by paying less downpayment and carrying PMI, if possible, until I've reached the appropriate equity level to cancel PMI.
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