Monthly Archives: December 2014

Homeowners don’t know they can avoid some PMI fees

Many homeowners with mortgages are saddled with an extra monthly expense for which they get nothing in return. I’m talking about private mortgage insurance, which most borrowers have to pay for if they purchase a home with less than a 20 percent downpayment. The insurance protects the lender in case of default, not the homeowner.…
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