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  2. Private mortgage insurance (PMI): What it is and how it works

    www.aol.com/finance/private-mortgage-insurance...

    Private mortgage insurance (PMI) is an extra monthly fee that you pay on a conventional mortgage if you put less than 20 percent down. ... calculator and the Bankrate mortgage calculator. These ...

  3. Dave Ramsey’s 7 Tips for Quickly Paying Off a Mortgage - AOL

    www.aol.com/dave-ramsey-7-tips-paying-120027516.html

    Here’s how extra payments would affect a $220,000, 30-year mortgage with a 4% interest rate: Make one extra payment each quarter to shave 11 years and nearly $65,000 off your mortgage.

  4. First-time homebuyer guide - AOL

    www.aol.com/finance/first-time-homebuyer-guide...

    This is an extra monthly fee that covers the lender should you default on, or stop paying, the loan. You don’t have to put down 20 percent, though — you can pay as little as 3 percent with PMI.

  5. Lenders mortgage insurance - Wikipedia

    en.wikipedia.org/wiki/Lenders_mortgage_insurance

    Mortgage insurance became tax-deductible in 2007 in the US. [3] For some homeowners, the new law made it cheaper to get mortgage insurance than to get a 'piggyback' loan. The MI tax deductibility provision passed in 2006 provides for an itemized deduction for the cost of private mortgage insurance for homeowners earning up to $109,000 annua

  6. What are the monthly payments on a $500,000 mortgage? - AOL

    www.aol.com/finance/500000-mortgage-payment...

    Based on the 28% rule, your household should aim for a monthly before-tax income of $12,696 — or an annual gross income of about $152,352 ($12,696 x 12) — to comfortably afford a $500,000 ...

  7. Mortgage calculator - Wikipedia

    en.wikipedia.org/wiki/Mortgage_calculator

    Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator. [ 3 ] : 1267, 1281–83 The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments ...

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