Originally Posted by J Wikoff
What'* the best way to get a low monthly payment on a 30 year home loan?
An 80-15 might work in your situation, with 5% down... then you can avoid PMI ... your second loan would have a higher interest rate, but you can control that, just pay it off early... in any event, interest is tax-deductible, I don't think that PMI is
And I would do fixed rate if I were you... ARM rates are on the rise... and although the fixed rates are not at "record lows", they are still low compared to what they were years ago.