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Mortgage tips that save real money
💵20% down avoids PMI. Private Mortgage Insurance adds $100-300/month to your payment. Put 20% down and eliminate it entirely.
⌛15-year vs 30-year: A 15-year mortgage builds equity twice as fast and saves tens of thousands in interest — but payments are ~40% higher.
💰One extra payment per year knocks years off a 30-year mortgage. Even rounding up $50/month makes a significant difference.
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