Vacation property 10 % down loan question
Hello! I am a real estate newbie who is interested in STRs in well established vacation areas. I have been scouting the forums on the topic, listening to podcasts, reading books, and reaching out to BP members. I am truly blown away with willingness of people on this website to share information, their time, and their experience. I have learned so much from the information from you all!
In my search I came across the 10% down vacation loan. I am wondering if there is PMI on it and if so, does it get taken off once the equity reaches 20%?
Thank you all in advance.
Best regards,
Marina