Question about Mortgage and Mortgage insuranceI and my wife are working couple with excellent score 750+. Currently we have been renting since last 4-5 years with no issues with paying our bills, credit card payments, rent etc. Currently we have zero debt. We are looking to buy a townhome in NJ which is around 350K. Issue is we have only 10% money for downpayment, and I am quite sure we can pay the 10% more within 1 year. What is the best option for us ? The quote we have got from our bank (bank of america) has per month insurance premium because of lower down payment. What are our best options ? March 28 - Marlboro00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.