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Premium Mortgage Insurance

Mae Said:

Why do I have to pay for mortgage insurance?

We Answered:

you DON'T HAVE TO PAY PMI. Just put 20% down and there is no PMI.

With the less you put down, the higher risk you are to the bank.

People say PMI is a rip off. I totally disagree. It allows you to get into a home with less then 20%.

Discuss It!