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pmi 2nd home florida

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Icon Mini Profile sandyleesam





Joined: 19 Oct 2010

Posts: 1

1.24 Dollars($)
Post Posted: Tue Oct 19, 2010 3:57 pm    Post subject: pmi 2nd home florida
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i was told i have to put down 20% that you can not get mortgage insurance in Florida with out it on a 2nd home purchase
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Tue Oct 19, 2010 8:55 pm    Post subject:
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Hi sandyleesam,

As far as I know, you'll have to put a down payment of 20% when you plan to buy a property by taking out a mortgage. If you're unable to pay 20% down, you'll have to go for PMI.

Thanks
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