What if you bought a home in Southern California and value shot up 40% during a ten month period? That's not covered in Homeowners Protection Act, but most lenders will listen to a request to cancel PMI... but not during first two years of loan. After two years lender will require that value of home has increased to point where loan is 75% or less of potential selling price. Then they may release buyer from PMI premiums. You must ask!

WARNING! THIS CAN BE EXPENSIVE! Many homeowners make a huge mistake when they are late with mortgage payments. If you have a poor payment history lender is not required to lift PMI. You will be out a huge amount of money... over many year as you continue to make those PMI payments... even though your loan balance is well within lenders normal limits.

PMI makes it possible to buy a home with a small or no down payment, but don't be fooled. It is very expensive and every homeowner should do what's necessary to get rid of it as soon as possible.

Use an organizer For someone who is working from home, line between ‘work’ and ‘family’ is blurred. Therefore, it’s important for us to learn how to schedule our work and use an organizer properly. This will help us meet deadlines, set priorities and remember important tasks. You can use a normal scrapbook, a journal, an exercise book, a small notepad (the 555 kind, even), use your Outlook program, use an Excel file, use a Microsoft Word document…whatever works for you! The point is that you need to use it consistently, refer to it, update it and add new tasks to it.

Don’t check your email all time Yes, you need to check your email regularly but when you check your email too often or keep your inbox open all time, you’ll get distracted with new tasks and neglect earlier ones. This way, you will get more and more backlogs and in end, some of older projects will take longer to finish. Check your email often at same time everyday, but not all time.

Don’t work all time Those without discipline will work only when they feel like it and when they don’t, they’ll do something else. This kind of attitude towards work is not advisable. But on other hand, workaholics should also learn how to let work go whenever time comes. If you feel stressed out, maybe that’s because you’ve been working too much because your work is right there in your house. You’ll never get far enough away from your work. So, learn to switch your computer off and let go!! Just go spend some time with neglected spouse and kids.

Conclusion These are just a few of important points about working from home and I have just managed to skim surface of whole issue. I will explore other aspects of working from home in another article.