PMI vs 20 percent down. Which do you prefer?

[Darius White]

PMI vs 20 percent down. Which do you prefer? Do you simply look at cash flow and ROI? Or do you feel more secure with 20 down, especially in today's market?

[Cassi Justiz]

If you are looking at investment property, most lenders will not allow you to put less than 20% down. Some even require 25%+. 

If you can afford to do 20% down I say go for it, even for a personal residence. Some people are okay with PMI, but I'm not a fan. It's definitely a risk tolerance thing. I would rather have the lower monthly payment than the payment + PMI.