Yes, but again because of our credit score and good DTI ratio, the PMI was very reasonable. Like $40/mo IIRC.
We refinanced and got rid of PMI when the housing boom happened and our equity was suddenly over 20%. That was pure luck, but anyway it’s possible that rates will go back down during the next recession.
Did you have to pay PMI?
Yes, but again because of our credit score and good DTI ratio, the PMI was very reasonable. Like $40/mo IIRC.
We refinanced and got rid of PMI when the housing boom happened and our equity was suddenly over 20%. That was pure luck, but anyway it’s possible that rates will go back down during the next recession.