Posts filed under 'Canceling PMI'

What is the Homeowners Protection Act (HPA) of 1998

If you are a homeowner, you will want to be aware of a new law that establishes rights for homeowners and rules for lenders regarding private mortgage insurance (PMI) cancellation. With this knowledge, you may eliminate premiums you may be paying unnecessarily.

Continue Reading Add comment September 7th, 2005

When Can I Remove PMI from My Loan?

PMI payments can be dropped from your mortgage when your LTV falls below 80%. Most lenders will not automatically drop your PMI though.

Continue Reading Add comment September 7th, 2005


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