I could only pay a limited sum as down payment when I purchased my home. Had to take up the PMI then. What i want to know is that when can I drop PMI coverage?
Total Comments: 1
Posted: Wed Aug 01, 2012 03:29 am Post Subject:
You should call your mortgage company and ask as PMI is not really true insurance (it's insurance for your mortgage company, not you.
I think it can be dropped at 78%LTV but you need to meet certain requirements (ask your mortgage company). I think they are required to drop it at 80%LTV (I think I have the in the correct order).
Posted: Wed Aug 01, 2012 03:29 am Post Subject:
You should call your mortgage company and ask as PMI is not really true insurance (it's insurance for your mortgage company, not you.
I think it can be dropped at 78%LTV but you need to meet certain requirements (ask your mortgage company). I think they are required to drop it at 80%LTV (I think I have the in the correct order).
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