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2. Private mortgage insurance (PMI): What it is and how it works

   www.aol.com/finance/private-mortgage-insurance...

   Loan servicers must cancel PMI once you reach a 78 percent LTV ratio, based on the home’s original appraised value, or halfway through your loan’s term (15 years into a 30-year mortgage, for ...

3. How to get rid of private mortgage insurance (PMI) - AOL

   www.aol.com/finance/rid-private-mortgage...

   You must do the following to cancel PMI: Make the PMI cancellation request to your lender or servicer in writing. Be current on your mortgage payments, with a good payment history. Meet other ...

4. With interest rates falling, is it time to refinance mortgage ...

   www.aol.com/interest-rates-falling-time...

   Eliminate private mortgage insurance (PMI): If you have a conventional mortgage, you’re required to pay PMI if you made a down payment of less than 20%. PMI can be removed on your existing ...

5. Mortgage insurance - Wikipedia

   en.wikipedia.org/wiki/Mortgage_insurance

   In other words, when purchasing or refinancing a home with a conventional mortgage, if the loan-to-value (LTV) is greater than 80% (or equivalently, the equity position is less than 20%), the borrower will likely be required to carry private mortgage insurance. PMI rates can range from 0.14% to 2.24% of the principal balance per year based on ...

6. Lenders mortgage insurance - Wikipedia

   en.wikipedia.org/wiki/Lenders_mortgage_insurance

   Lenders mortgage insurance. Lenders mortgage insurance (LMI), also known as private mortgage insurance (PMI) in the US, is a type of insurance payable to a lender or to a trustee for a pool of securities that may be required when taking out a mortgage loan. Its purpose is to offset losses in the case where a mortgagor is not able to repay the ...

7. How to remove mortgage insurance on an FHA loan - AOL

   www.aol.com/finance/remove-mortgage-insurance...

   Step-by-step guide to removing FHA mortgage insurance. 1. Check your eligibility. “There are a number of factors that come into play when determining whether or not the FHA mortgage insurance ...

8. PMI Group - Wikipedia

   en.wikipedia.org/wiki/PMI_Group

   The PMI Group is a holding company whose primary subsidiary is the PMI Mortgage Insurance Co. (PMI). The company was founded in 1972 by Preston Martin and is headquartered in Walnut Creek, California . PMI has a 50% equity ownership in CMG Mortgage Insurance Company, founded in 1994 as a JV with C UNA M utual G roup, and CMG Mortgage Assurance ...

9. Mortgage protection insurance: What it is and when you might ...

   www.aol.com/finance/mortgage-protection...

   Key takeaways. Not to be confused with private mortgage insurance (PMI), mortgage protection insurance (MPI) helps cover your mortgage payment if you die or become disabled and can't work. MPI is ...