If you paid less than 20% down payment on your home purchase, you are most likely paying a monthly Private Mortgage Insurance (PMI). The PMI is an insurance policy that protects the lender — not you. If you default on your mortgage, the lender receives payment from the insurer for the loan given to you. ... Read moreHow to Get Rid of Your Private Mortgage Insurance
This post first appeared on The Science Of Money By Moolanomy.com, please read the originial post: here