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Personal finance Q&A: Eliminating private mortgage insurance

Dear Liz: I bought my first home about a year ago. Because I had very little money for the down payment, I have to pay private mortgage insurance, which is a whopping $385 each month. My burning question about this is: How can I get rid of it? There must be a way to pay the loan quicker or…

You May Want to Refinance If…

With interest rates still below 4%, you may be wondering if it's a good idea to refinance your mortgage. Here are some scenarios where it might make sense.