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2. How to get rid of private mortgage insurance (PMI) - AOL

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

   The Homeowners Protection Act of 1998 requires that lenders remove private mortgage insurance when a borrower reaches a 78 percent loan-to-value (LTV) ratio. For example, if the purchase price of ...

3. How to Avoid PMI - AOL

   www.aol.com/finance/avoid-pmi-163543476.html

   Private mortgage insurance (PMI) protects lenders against risk of default on loans to homebuyers. Reducing risk to lenders can mean lower interest rates and better access to credit for borrowers ...

4. When should you refinance your mortgage? - AOL

   www.aol.com/finance/refinance-mortgage-152541677...

   Your current mortgage has a prepayment penalty: The penalty must be considered a cost of refinancing and assessed like any other costs. Though a one-time charge, iIt will impact your ability to ...

5. How to lower your mortgage payment

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

   Penalties for paying your home off early. Many mortgages come with a prepayment penalty, especially if the mortgage originated less than three years ago. If it does, refinancing to lower your ...

6. Home Affordable Refinance Program - Wikipedia

   en.wikipedia.org/wiki/Home_Affordable_Refinance...

   In this scenario, the loan-to-value ratio would be 120%, and if the homeowner chose to refinance, he would also have to pay for private mortgage insurance. If the homeowner were not already paying for PMI, the added cost could nullify much of the benefit of refinancing, so the homeowner could be effectively prohibited from refinancing. [2]

7. What is a prepayment penalty? - AOL

   www.aol.com/finance/prepayment-penalty-165152113...

   Mortgage loans with an early payment penalty are rare today, but when applicable, the fee can be steep. The penalty can be 2 percent of your loan balance within the loan’s first two years and 1 ...