Forum Archive

I have browsed old posts concerning the difficulty in obtaining PMI in the current lending climate. Does anyone have any recent experiences? We would like to put down 10% on approx 570-590k 2 fam brownstone. 20 % would really wipe out our entire savings which feels really scary in this economic climate. And we will need to do work on the house…Is the bank going to be able to predict how difficult it may be to get MI? We don’t want to get approved for the loan, but then not be able to get insurance…