10 Mortgage Hacks Every Homeowner Should Know to Save Thousands
If homeowners want to reduce this monthly payment faster, there are several mortgage hacks you can implement that will save you thousands of dollars on your home loan. Q1 2022 hedge fund letters, conferences and more Hack #1 Get rid of PMI insurance.Private Mortgage Insurance, or PMI, is insurance that protects the lender in case you default on your home loan. PMI is required if you have a conventional loan and make a down payment of less than 20 percent of the home’s value. Even if you made a small down payment, though, there are a few ways to get rid of PMI. One way is to simply make extra p...