How to dump private mortgage insurance ASAP » Mortgage Masters Group

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Mr. Garland holds a bachelor’s degree in Mathematics from Florida State University and a master. private mortgage insurance that helps mortgage lenders remain competitive while continuing to grow.

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How to Get Rid of Private Mortgage Insurance  How to Get a Loan Without Private Mortgage Insurance (PMI). For many individuals and families who are looking at purchasing a home, or any other real estate, private mortgage insurance (PMI) can be a major cost factor. PMI is a requirement.

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Private mortgage insurance is expensive, and you can remove it after you have met some conditions. To remove PMI, or private mortgage insurance, you must have at least 20% equity in the home How to dump private mortgage insurance ASAP

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If you bought a house with a down payment of less than 20%, your lender required you to buy mortgage insurance. Private mortgage insurance is expensive, and you can remove it after you have met some conditions. To remove PMI, or private mortgage insurance, you must have at least 20% equity in the home.

Under the Homeowner’s Protection Act of 1998, lenders are required to automatically terminate your private mortgage insurance (PMI) on the date when your principal balance is scheduled to reach 78% of the original home value (defined as the lesser of the sales price or appraised value of your home at the time that you bought it).

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