Ahhh, but what if its paid for?
Its you're choice at that point. But as long as the bank is the one who actually holds the title, you're paying the Jew a little extra.
Actually that reminds me. Another new thing is mortgage insurance. Again, not sure if it applies to all home loans, but until you pay up to 20% of the loan, they require this new bullshit called mortgage insurance. Those early years of owning a house are brutal.
Pro tip...you can sometimes get around mortgage insurance with a HELOC. Bought my house as an 80 /10/ 10. I got a 1st mortgage of 80%, put down 10%, and got a HELOC of 10%. Since the mortgage was 80% I did not need mortgage insurance. The HELOC was interest only = low min payment, so I was able to pay it down faster. After ~ 5 years the value increased so I refinanced. The new mortgage paid off the previous two and I was now under 80% at that point.
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