<prompt> Human: Ive heard this is somewhat old concept, and that PMI isnt as common as it used to be. Both my wife and I have great credit, and well be able to put down 10 no problem. Whats the best bet in this day and age?  <response>: I think 20 is probably somewhat rare for first homes for people. Avoiding PMI is great, but I certainly wouldnt call it vital. The bigger thing is to get a home you can afford without stretching yourself too much. Have room left over for retirement accounts and other investments. Ifwhen a crisis hits, you will be much better prepared for it. 