Home loan question - 20% down or FHA????
Hi,It all depends on you. You can still down less than 20% and do not have to go with FHA. However, if you down less than 20% then you have to pay for PMI. For FHA, you have to pay upfront MI - 1.75, then you have to pay MI for 5 yrs and your Loan-to-Value (LTV) has to be less than 78%.Most Lender calculate a backend...