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March 02, 2007
Five Mortgage Tips
From a good list
of mortgage tips, number three on mortgage insurance savings.
of mortgage tips, number three on mortgage insurance savings.
Tip #3: Consider a second loan to avoid paying PMI. This can be tricky because you want to make sure the second loan cost you less than the mortgage insurance (obvious, but it has to be said). Optimally this will be a second loan that you can repay early, avoiding most of the interest payments. Check with your mortgage broker or banker to see if this option may be right for you.
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Posted on March 2, 2007 10:06 AM by mortga184.
Filed in Mortgage Calculator under mortgage insurance.
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