Refinancing your mortgage might decrease your loan-to-value ratio and permit you to remove PMI. If your personal home is price enough to convey your LTV to 80%, you can apply to have your PMI canceled. Refinancing might additionally decrease your monthly payment by eliminating your non-public mortgage insurance or FHA mortgage insurance premiums. Again, you could put the month-to-month financial savings toward home repairs or upgrades. Whether you’ve got recently closed on your home, are planning to promote, or intend to remain for the long haul, listed here are some improvements that yield high returns in your investment.