Why choosing a lower than 20% down payment can be better for you. #mortgage

Don't take my word for this, but the next time you shop for a mortgage, make sure that you do this. Share this with someone you love and save it for future reference. We're talking about conventional mortgage. Here's the thing, not talking about programs like FHA or VA. Just wanted to make sure we're clear with that. Even if you have 20% or more down payment, make sure that you choose the one with 5% down payments. Generally, the 5% down payment rates are more favorable than the one with a 20% down payment rate. Here's where the rubber meets the road. That extra 15% that you have after you close your mortgage, you can then accelerate payment and pay your mortgage balance down within the next 60 to 90 days. I know what you're thinking, Kareen, what about PMI? Here's why I made it clear that we're talking only about