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Should I pay down my mortgage a bit and recast it to get rid of PMI? Or invest the money elsewhere? How do I calculate the two scenarios?
Should I pay down my mortgage a bit and recast it to get rid of PMI? Or invest the money elsewhere? How do I calculate the two scenarios? Basic scenario: I sold a house, made some money. Bought a new, more expensive house at only 10% down before I received the proceeds from selling the first house (that’s why I couldn’t put 20% down). Once I moved in to the new house, I spent some of the cash I made renovating the basement. Now I’m wondering what to do with the remainder of the ca...
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