as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
should i wait to save up 20% downpayment on a 500k condo?
user
the simple answer is yes - put 20% (or more) down. in the past i have paid pmi and used a combination first and second mortgage to get around it. i recommend avoiding both of those situations. i am much more comfortable now with just a regular mortgage payment. the more equity you have in your home the more options you will have in the future.
assistant