BMW E39 5-Series Forum | 5Post.com - View Single Post - Why has the housing market remained strong despite the pandemic?

nyalpine90 · 07-23-2020, 03:46 PM

Thanks guys for the input.

we have a budget, 10% for down payment. Ideally we want to put 20% down to avoid PMI. At the same time we want to have some funds for emergencies. I know PMI drops onces 20% is met. It all depends if we find the right houses. How long is pre approval good for? what happens if preapproval expires? does it effect credit score down the road?

07-23-2020, 03:46 PM	#23
nyalpine90 Lieutenant General 7433 Rep 11,843 Posts Drives: MY24 G01 AW Msport Join Date: Feb 2008 Location: L.I. NY iTrader: (4) Garage List 2016 BMW X4 [9.33]	Thanks guys for the input. we have a budget, 10% for down payment. Ideally we want to put 20% down to avoid PMI. At the same time we want to have some funds for emergencies. I know PMI drops onces 20% is met. It all depends if we find the right houses. How long is pre approval good for? what happens if preapproval expires? does it effect credit score down the road?
	Quote