Originally Posted by KFWA
don't know about now but used to be you could get an 80/15 to avoid PMI.

Essentially you took a second mortgage out for 15% that was either a higher fixed or variable with the intent at least to pay that off in a relatively short period of time.

I guess if you let it drag out you weren't any better than having PMI


Thanks for all of the replies and suggestions1

Mortgage company suggested this today. He suggested we stay as liquid as possible.

I told him we refuse to pay PMI!

I'd like to have the whole thing paid off in 10-12 years.

We'll see.