Alien Allen
Froggy the Prick
Allan...I go along with what you are saying...but banks using it over the top.Its now 20 % down.Also credit rating is not even taken into account so they rate you twice and than have you pay for there risk.If I have a credit score of excellent than I expect to be treated accordinghly like that if not what is the point of having a stupid credit score?
PMI has been around since at least the mid 1970's
It probably got raised because house values increased so much since then
My first house I paid $32,500 for
I sold it 4 years later for $62,000
At the boom in the market 4 years ago it was valued at about $160,000