Quote:
Originally Posted by onewhippedpuppy
Bingo. When I was loan shopping a few years ago, Countrywide tried to sell me an 80/20. No PMI there. What a joke that place was.
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An 80/20 was not a bad deal at all for a qualified borrower. It's far better than paying PMI. Would you rather lose your own 20% down payment in a declining market or lose the bank's?