• runawaycorvid@lemmy.world
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      1 year ago

      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.