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Updated over 9 years ago on . Most recent reply

Is PMI decreased the closer you get to a 20% down payment?
Hello BP,
I'm wondering if the amount of PMI is decreased the closer you get to a 20% down payment? OR is it pretty black and white... you either put 20% down or not.
Thank you
Most Popular Reply

Darren Sager
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Check to make sure you're not paying PMI for the life of the loan. You might have to refi to stop paying it.