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Updated almost 4 years ago on . Most recent reply

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Will Harrison
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Second House Purchase After Renting My First

Will Harrison
Posted

Hey everyone! So I was initially going to sell my house but the buyer backed out due to roof needing replaced and didn't want to negotiate... that being said I am thinking about refinancing it instead to lower the payment and get rid of PMI so I can cash flow the property and hold onto it. I would like to move into another house but wasn't sure what I will have to put down on my second home. 2 years ago when I bought my first I only had to put down 3.5%. Would that be the case for a second home aswell or will it be 5, 10, or 20%? Thank you all!

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