Firearm & Gun Forum - FireArmsTalk.com

Firearm & Gun Forum - FireArmsTalk.com (http://www.firearmstalk.com/forums/)
-   The Club House (http://www.firearmstalk.com/forums/f12/)
-   -   finally sold our place!! (http://www.firearmstalk.com/forums/f12/finally-sold-our-place-93768/)

rurak 07-11-2013 09:31 PM

finally sold our place!!
 
So we finally sold our 910 sq ft condo we have been living In for the past 6 years. We are exploring mortgage options and we have come to find out we can't get a mortgage without pmi unless we put 20% down! We don't have pmi now on the place we are selling :( does anyone know if there is any way to eliminatr pmi without putting 20% down. We are actively looking for a house and found one we like but it has oil heat. We have natural gas forced hot air and our condo isn't really well insulated and its roughly 100/month to heat. What would a reasonably insulated 1400 sq ft house cost to heat with oil forced hot air??

kytowboater 07-11-2013 09:35 PM

You have to have mortgage insurance until you have either 20 down or 22% paid into escrow.

mountainman13 07-11-2013 09:38 PM

Probably about the same as the mortgage. Lol

rurak 07-11-2013 09:39 PM

That stinks. Our mortgage on the place we are selling has no pmi .... no money down and is a 30yr fixed @ 6.375%. Bummer

danf_fl 07-11-2013 09:40 PM

Are you a veteran?
If so, then take a look at that program.

kytowboater 07-11-2013 09:40 PM

Quote:

Originally Posted by rurak
That stinks. Our mortgage on the place we are selling has no pmi .... no money down and is a 30yr fixed @ 6.375%. Bummer

We just bought a house. We have insurance. We didn't have the 20% down. Yeah that was a huge sum of money. It does hurt to pay though. Our interest rate is 3.75% IIRC 30 year fixed.

MisterMcCool 07-11-2013 09:41 PM

Where are you, rurak?

kytowboater 07-11-2013 09:41 PM

Quote:

Originally Posted by MisterMcCool
Where are you?

Here .... Where are you?

MisterMcCool 07-11-2013 09:43 PM

Quote:

Originally Posted by kytowboater

Here .... Where are you?

Bumfugg, Egypt

rurak 07-11-2013 09:47 PM

I am not a veteran. I am in massachusetts. We are looking in mass or new hampshire.


All times are GMT. The time now is 04:16 AM.

Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.