On Wed, Jan 01, 2003 at 04:49:15PM -0600, Julia Thompson wrote: > We closed with as little down as possible. I think we put down less > than 3% of the purchase price when we purchased in 1994. The last month > I have a statement for had us still owing more than 80% of the purchase > price.
Okay, I didn't realize that was the case. According to all I've read on the subject (not inconsiderable), it is perfectly consistent with your situation. You have to pay the monthly mortgage insurance (which isn't tax deductible, incidentally) premium until you reach 20% equity. > Well, considering that we refinanced in 2001, and then sold the place > last month, I think we're OK there. :) I don't have any statement of > anything on the new house handy. Disregard that comment. I had guessed you had more than 20%. -- "Erik Reuter" <[EMAIL PROTECTED]> http://www.erikreuter.net/ _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
