Is it a good refinance deal 30 years 2.87%?

[andrafun]

PMI Insurance avoid cheyadam ela below 20% kadite ?

[SwamyRaRa]

1 hour ago, andrafun said:

PMI Insurance avoid cheyadam ela below 20% kadite ?

Ltt

[naaistamrabhai]

On 8/7/2020 at 6:14 PM, quickgun_murugun said:

Refinanced last week 30years 2.25 %

0 closing costs 

Lender credit 1850 

2 months deferred payment 

Bhayya, lender gadi details share chestava?

[reader]

2 hours ago, andrafun said:

PMI Insurance avoid cheyadam ela below 20% kadite ?

Downpayment 5-10%

Pay PMI for 1 year or so by that time your house value appreciates about 10-15%(as per the bank valuation or zillow estimate)

Do a refinance and take out the PMI as your loan to value will be below 80% at this point

This strategy worked for me but it may not be beneficial if interest rate goes up.