I understand I should be putting 20% down to avoid PMI. It looks like a 30 year loan will be ~4% at this time. My goal is to buy a piece of land after purchasing the house, Would it be in my best interest (No pun intended) to put 10% down to have a larger down payment for the land sooner? I expect the land loan to be ~6%.
What am I missing here?
Submitted March 07, 2017 at 12:19PM by mechrock http://ift.tt/2mBMs10
