New Mortgage rules

[MorGrendel]

So I saw this.

http://www.msn.com/en-us/money/realesta ... ailsignout

Essentially, Bank of America looks to be offering a loan package that is 3% down and no PMI.

Ray and Clay, I know we talked about a number of different options, but if this is the real deal, then it is something you both should definitely look at.

[Berserker]

Ohh, no PMI is big deal. You'd normally be stuck with it until you paid about 20% of the house which is a long time to give free money to the banks.