Any downside to doing a 10-15% down payment on new house and accept PMI until the sale of current house?
Any downside to doing a 10-15% down payment on new house and accept PMI until the sale of current house? Double checking to see if there is anything I'm missing/overlooking with this? Basically I'd like to put 10-15% down to get a new house and then sell my current house and put that towards new mortgage to get rid of the PMI. Ideally we'd like to not have our offer contingent on the sale of our current home and also maximize what we can get for ou...