Best case 97% LTV (loan to value) with No PMI
For illustration purposes only, Example: 400k purchase price -3% ($12,900) = $388,000 loan amount
Can you imagine someone with decent credit and $15,000 in their checking account, throwing away $2500 mo. in rent
being able to buy a $400,000 home for even less per month?
Usually these renters fall into one of the below categories:
1. they're unaware this is possible
2. they're Nomads
3. they're BTR! (BORN TO RENT)