Get rid of PMI:
What do we mean by get rid of PMI ? - We are talking about paying off 20% of your mortgage so that you don't have to pay any more PMI.
How will it pay off my mortgage faster? - PMI insurance is added to your mortgage if you don't have 20% down. This fee can add $100-$300 to your mortgage payment. So if you don't have to pay for PMI then you can use that additional money to help pay off your mortgage faster.
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