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Hate Paying PMI - Suggestions??

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MovingForward_2012
Valued Contributor
‎03-10-2013 12:54 AM
‎03-10-2013 12:54 AM

Re: Hate Paying PMI - Suggestions??

Yep.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 11 of 17
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JM-AM
Valued Contributor
‎03-10-2013 03:11 PM
‎03-10-2013 03:11 PM

Re: Hate Paying PMI - Suggestions??

I will just say I know plenty of people who have mortgages and still cant itemize to be more then the standard deduction. YMMV
Good Luck
May all your dreams and wishes become a reality!
Message 12 of 17
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MovingForward_2012
Valued Contributor
‎03-10-2013 03:31 PM
‎03-10-2013 03:31 PM

Re: Hate Paying PMI - Suggestions??

I know I will be able to with $346 of PMI per month plus $3100 in property taxes, plus 4.125% interest on $347,900 purchase price. All that alone is more than the standard deduction for married filing jointly.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 13 of 17
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BCullum
New Contributor
‎03-11-2013 07:57 AM
‎03-11-2013 07:57 AM

Re: Hate Paying PMI - Suggestions??

Standard deduction is like 11,000 isnt it? I think with interest and 6000 a year in taxes I shouldnt have an issue.

Lender Pull EQ 745 EX 734 TU 722
Message 14 of 17
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MovingForward_2012
Valued Contributor
‎03-11-2013 02:17 PM
‎03-11-2013 02:17 PM

Re: Hate Paying PMI - Suggestions??

Yes I believe so or 12,500...I honestly can't remember the precise number. Anyone know...standard deduction for married filing joint?
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 15 of 17
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Mike_B03
Valued Contributor
‎03-11-2013 02:36 PM
‎03-11-2013 02:36 PM

Re: Hate Paying PMI - Suggestions??

$12,200 for 2013.

Message 16 of 17
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MovingForward_2012
Valued Contributor
‎03-11-2013 03:37 PM
‎03-11-2013 03:37 PM

Re: Hate Paying PMI - Suggestions??

Thanks Mike. Smiley Happy
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 17 of 17
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