Other Fees Included in a Monthly Mortgage Payment. Strictly speaking, a monthly mortgage payment is made up of PITI-but you may have to pay other mortgage related fees, such as private mortgage insurance and/or homeowners association fees.. Private Mortgage Insurance (PMI)
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If you have a mortgage or are shopping for one, you’ve probably seen mentions of private mortgage insurance, more commonly known as "PMI." It is required on certain types of mortgages – but not on others. What is private mortgage insurance? When you get a mortgage, the lender is taking a risk by giving you a large amount of money.
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One of the biggest advantages of paying off your mortgage early is peace of mind .. Are you looking to get out of debt come hell or high water?.. Even the ' gazelle intense' master, Dave Ramsey, favors a more balanced approach to. If you are still paying PMI, I would favor dropping contributions to retirement to only .
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