this post was submitted on 13 Sep 2024
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Asklemmy
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PMI would be $1200 in your example, not $2500.
Argue all you want. I gave you real numbers. That was my quote without a down payment.
I worked at banks for most of my career and was engaged to the lead mortgage lender, and together we hosted quarterly free events for our community to show people how to get into homeownership. I suspect you're lying in bad faith to try to scare people out of homeownership and push the agenda that Millennials and Gen Z can't own a home. I encourage anyone reading this to do their own research and contact their bank's mortgage team to determine if its feasible for them.
Over half of millennials are already homeowners, and I'd love to see that number go up.