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Weekly Discussion: 2 October 2023
(lemmy.world)
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this post was submitted on 02 Oct 2023
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FIRE (Financial Independence Retire Early)
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Welcome!
FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
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Did you have to pay PMI?
Yes, but again because of our credit score and good DTI ratio, the PMI was very reasonable. Like $40/mo IIRC.
We refinanced and got rid of PMI when the housing boom happened and our equity was suddenly over 20%. That was pure luck, but anyway it’s possible that rates will go back down during the next recession.