10 Mortgage Hacks Every Homeowner Should Know to Save Thousands

Published by

The average monthly mortgage cost in the U.S. is $1,492 per month according to data from Value Penguin. As such, it’s typically one of the largest line items on a person’s budget. 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. 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 hom…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street