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| Change to an 80/20 |
Change to an 80/20 mortgage plan, which is a plan that splits your mortgage into 2. 1 mortgage which is 80% the amount of your actual mortgage will be at a normal interest rate, AND the 2nd mortgage which is 20% the amount which will be at a slightly bigger interest rate.
Why? Your mortgage payment is actually higher with 2, BUT you don't have to pay a PMI. Because of this, your TOTAL monthly payment will be lower.
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