Should I get two mortgages to avoid paying PMI? Yes and No
The question seems clear - “Should I finance/refinance my home with 2 mortgages in order to avoid having to pay for Private Mortgage Insurance (PMI)?” I say yes, while Dave Ramsey says no. Obviously the answer is not as clear as the question. So let’s take a look to see what the [...]
Avoid placed home owners insurance
What is “placed insurance”? Very simply, it is when your mortgage company or lending bank purchases home owners insurance for your house and makes you pay for it. It is usually very expensive.
“How could they do that?” you ask.
Related PostsShould I get two mortgages to avoid paying PMI? Yes and NoThe question seems [...]
