From: "Bridgadoon" 
Newsgroups: alt.org.natl-assn-mortgage-brokers
Subject: Re: 80-15-5 vs 100%
Date: Sun, 12 Oct 2003 08:17:32 -0700

"The former" being the 80-15-5?  There is no MI.
IMHO, before you can get clear answers to your questions, you need to share
some information vis-a-vis your personal goals and the state of your local
real estate market.
Is this the home of your dreams, or a step in the latter?  Are you in
California, or Nebraska/North Dakota?
100% financing is usually the best deal for the average person, because it
keeps one liquid.  In this market a house payment is approx. $7 per thousand
(incl. tax & ins.).  If one puts $50,000 down, they save about $350 a month.
If I had the choice (and could afford it), I'd keep my $50k in the bank (or
invest it), and pay the difference.

"richard flores" <12thst@bellsouth.net> wrote in message
news:xG2hb.29682$wC1.23370@bignews3.bellsouth.net...
> X-No-Archive
>
>
> Am I usually better off doing the former, even if I can eliminate my
> mortgage insurance after a one year reappraisal?
>
> Thanks
>
>