Hi! Planning for Early Retirement

[cute fuzzy bunny]

PMI cracks me up.

"We're not concerned enough about you as a credit risk to not give you a mortgage, but we're a little concerned about it, so we're going to charge you a lot of extra money so that in the event you *are* cutting it a little close, we'll increase the chances of your not being able to make the mortgage payment..."

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[UpandComer]

PMI cracks me up.

"We're not concerned enough about you as a credit risk to not give you a mortgage, but we're a little concerned about it, so we're going to charge you a lot of extra money so that in the event you *are* cutting it a little close, we'll increase the chances of your not being able to make the mortgage payment..."

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Exactly! I could pay off the loan a lot quicker if I could put that money towards the principal!