How Mortgage Amortization Works

Mortgage amortization is the process of eliminating your mortgage debt with regular, fixed schedule payments that gradually chip away at both the interest and principal balance over time. But how exactly does mortgage amortization work? The Mortgage Amortization Process To understand how mortgage amortization works, you must first know the difference between paying interest and … Continue reading How Mortgage Amortization Works

How to Get Rid of PMI

If you secured your mortgage through a conventional loan, there is a chance you added private mortgage insurance, also known as PMI. PMI may protect your loan, but it can also cost you hundreds of dollars each month. Here is some information about PMI and ways you can save money by dropping it from your … Continue reading How to Get Rid of PMI

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