Quote:
Originally Posted by persian54
I'm not familiar with how FHA loans at all, for forgive my ignorance... but doesn't one have to pay a pretty penny every month as "insurance" ? Money that doesn't actually go towards the equity of the house, but is a buffer due to the low downpayment?
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What you are referring to is PMI (Private Mortgage Insurance) and would typically be included on any home loan that doesn't have 20% as a down payment.