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is paying off 20% to avoid PMI a good idea?

pandu123b

By pandu123b
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pandu123b

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i paid 10% on my loan @5.37 interest and i am paying $110 every month on PMI.
i have enough money now to pay off 20% now and my main thing is avoiding pmi & pay off principal.
is it a good investment advice?

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r2d2 LEGEND

r2d2

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Posted
3 minutes ago, pandu123b said:

is it a good investment advi

it depends on the house cost & apr.. current interest rate are high .. so it is good to put down 20%.. provided you have enough cushion ( even after the down payment..)

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