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Home Equity Loans

A Home Equity Loan is a mortgage loan in addition to any other mortgages you have. In other words, a second (or third, fourth, etc.) mortgage. To get one, you’ll need equity: the difference between what your home is worth … Continued

Way to Save #61: Get Rid Of PMI

Private Mortgage Insurance (PMI) is normally required if you have less than 20% equity in your home. And it can easily cost $50 a month! As soon as you’re sure you’ve got the magic 20%, whether it’s by appreciation or … Continued