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Homeowners who make a down payment of less than 20 percent on a conventional loan must pay private mortgage insurance (PMI). Under most circumstances, mortgage insurance can be canceled once the homeowners have more than 20 percent equity in their property. Whether or not you can stop paying PMI depends on several individual circumstances.

Learn about refinancing
If you’re a homeowner, then you know there are several different reasons as to why you would want to refinance your mortgage. You may want to refinance in order to reduce your monthly mortgage payment or perhaps to consolidate your bills in an effort to pay off debt you have incurred over the years.

Mortgage process
Ever wondered if mortgage refinancing would be a beneficial step for you to take? Here’s an attempt to simplify the process of mortgage refinancing to help you understand whether or not it is the right choice for you.

Renovate your home
Whether you want to make improvements on your home to increase the property value or to simply make it look good for your family, mortgage refinancing could help you achieve your goal. Find out the facts about mortgage refinancing and how it can benefit you.

Debt Consolidation
If you are in debt and have high credit card bills, many credit counselors will advise you to consolidate the debt. Consolidating your debt by Refinancing your home and using the money to pay off credit card (and other) bills is a great way to save money and lower your monthly payments on your debt.

CDs & Rates
Purchasing a CD means investing a fixed amount of money for fixed durations ranging from six months to five years or more. In return, the issuing bank pays you interest, usually at regular intervals. When you redeem or cash in your CD, you are given the money originally invested, with any accumulated interest. If you happen to redeem your CD before maturation, you might have to forego a portion of the interest earned or pay an ‘early withdrawal’ penalty.

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