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Should I pay down my mortgage to get rid of PMI?
Should I pay down my mortgage to get rid of PMI? I’m due a bonus in March of 2024 and I’m trying to make the most of it. I currently owe $309k on a house I bought for $355k in March of 2022. It’s a 30 year mortgage at 3.25% with $48 PMI monthly for the first 84 months. Would it be worth it to pay down my mortgage to have 80% equity and get rid of PMI? Based on the initial purchase price this w...
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