Quote:
Originally posted by bigrubberjeep
Uh...how much is your PMI?
They didn't offer you a lower rate on a loan that had PPI?
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$65 / month.
Banks around here don't do the exotic financing. If I understand what you mean correctly, PPI is a second line of credit for 20% of the balance of the loan so it's 80% mortgage/ 20% line of credit thus getting me out of PMI. I think it would have been more expensive in my case...