Can you come up with 21K more cash?

Using whatever means possible to come up with 21K more cash to pay down your mortgage, you should be able to avoid paying the PMI. Borrowing from your 401K is an option also. But check your loan documents first before taking actions. Generally speaking, you don't need to pay PMI once your LTV drops below 80%.

所有跟帖： 

• Yes, we can borrow from 401k. Based on our situation, do you thi -worriedmom2g- ♀ (192 bytes) () 10/28/2010 postreply 09:48:24

• come on! -五分店- ♀ (88 bytes) () 10/28/2010 postreply 09:56:25

• You have to pay $10402.80 PMI for 5 years, -北燕- ♀ (33 bytes) () 10/28/2010 postreply 10:09:53

• 401k loan cost? -凌长老- ♂ (351 bytes) () 10/28/2010 postreply 10:15:03