The Wright Mortgage ๐Ÿ 
The Wright Mortgage ๐Ÿ 
Ian Wright
Donโ€™t put 20% Down on your First House ๐Ÿ !
50 seconds Posted Dec 19, 2022 at 2:53 am.
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Itโ€™s a common misconception that you need to put 20% down when buying your first home which is completely false. Those with good Credit/FICO scores especially should NOT feel forced to put 20% down because the cost of PMI is cheaper than it was in years past. PMI is not something to fear as the cost of waiting until youโ€™ve saved up 20% down often times will cost more than the PMI would have.
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