Private Mortgage Insurance (PMI) can cost you a few hundred dollars a month, especially if you have an FHA mortgage. So, if you eliminate PMI from your monthly mortgage payment, you can save hundreds of dollars each month.
Fox Business published an article reviewing 4 proven ways to cut PMI out of your monthly mortgage that we want to share.
- Use the 80/10/10 Method
- Prepaid Private Mortgage Insurance
- Gift of Equity
- Military Veteran Perks
Read the Fox Business article: 4 Ways to Cut This Cost From Your Mortgage Payment.