Kitchen renovation

[Moristans]

- If you only put 3.5% down, you are most likely paying PMI (mortgage insurance), unless you did an 80/20 loan. PMI is money that gets flushed down the toilet until you officially own 20% of the home.

I did a 30 year fixed at 4.75%. I could have gone with a 3/1 ARM and saved a bundle on monthly payments, but I would have had to put more down. Yeah, PMI is a scam, but the savings in PMI would not recoup the amount I'll pay for a 20% down payment unless I plan on staying there awhile. I think if we would have found a place that was turnkey and move-in ready, I probably would have put the 20% down. In my price range though, anything we would have purchased would have required some level of renovating.

I thought about Silestone. I'll ask about it before they start.