The problem with waiting until you have 20%....if everyone did that, man, talk about a housing slump.
Which reminds me, wonder why we don’t hear about the PMI paying off 10, 15 or 17% of the loan?
No, that's a big part of the housing problem now. People didn't bother saving before they bought a house that was out of their price range to begin with. That's why there's such a thing as starter homes. You don't need a McMansion first time outta the gate.