advice needed on buying second property, page-21

The time I did have to have LMI was when I was young with a new bride.

Didn't know much other than what the banks told me. Would never have been able to save the 20% anyway so did what I had to do.

They add it onto the loan.

Wasn't that much back then as I recall.

An evil necessity if it can't be avoided.

Bought the house for $80 000 sold it 20 years later for $315 000, SO THE LMI is irrelevant in the scheme of things if keeping the property for a while.

(based on memory)