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re: Is it worth accelerating mortgage payment to avoid PMI?
Posted on 1/26/16 at 9:56 pm to rpg37
Posted on 1/26/16 at 9:56 pm to rpg37
I guess I will just ask my PMI question in this thread. Conventional loan at 3.75% and I'm throwing away $87/month at PMI. I've got about $16,000 left of principal to pay off to get to 78% LTV.
This may be a dumb question, but could I take out a 2nd loan to immediately pay off the PMI? If so, can someone explain how to crunch the numbers to see about how much I could save, if any? TIA.
This may be a dumb question, but could I take out a 2nd loan to immediately pay off the PMI? If so, can someone explain how to crunch the numbers to see about how much I could save, if any? TIA.
1
Posted on 1/27/16 at 12:25 pm to PhiTiger1764
Would it not just be directly tied into what the interest rate of the loan is?
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