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Should we pay $3k to remove a $60 monthly PMI payment on our mortgage?
Should we pay $3k to remove a $60 monthly PMI payment on our mortgage? Currently our mortgage is a $2k payment per month and around $60 of that is just PMI. We have 80k in equity and in order to remove the PMI we would need to pay $3k off towards the principal. We have the money in liquid but we’re not sure if it’s the right move or if we would be better off doing something else with the money (like a HYSA) Any adv...
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