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Old 10-14-2008, 10:18 AM
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MissBrattified MissBrattified is offline
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Re: How to Save Money

Quote:
Originally Posted by ILG View Post
Very good points on that. Yes, $75.00 is a small fee to pay what you are going to pay anyway and then save that much money. And then, any extra paid per month is great too. Amazing that it knocked it down to 23 years instead of 30. We have never been enrolled in a program but have paid extra in the past. Another thing, for those who have PMI (Private mortgage insurance), it is best to get rid of that. You have to have at least 20% down on your house to get out of PMI. If you are in a position where you are required to have it, if you pay extra every month, keep track of where you are and as soon as you have that 20% down, call your mortgage holder and ask them to take you off of the PMI program.
I'm glad you mentioned PMI!!!! It slipped my mind--I need to call our mortgage co. about that. We should be able to remove it in the next month or so.
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