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  2. Is private mortgage insurance (PMI) tax-deductible? - AOL

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

    You might not remember it, but in 2019, Congress reintroduced a federal tax deduction for private mortgage insurance (PMI), that extra monthly fee lenders charge if you make a down payment under ...

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

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

    Private mortgage insurance (PMI) is an extra expense that conventional mortgage holders have to pay lenders each month. It typically applies to borrowers whose down payment on a home is less than ...

  4. How to refinance a rental property - AOL

    www.aol.com/finance/refinance-rental-property...

    Eliminate mortgage insurance. If you have a conventional loan and made less than a 20 percent down payment when you bought the property, you’re probably paying private mortgage insurance ...

  5. 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 ...

  6. Mortgage insurance - Wikipedia

    en.wikipedia.org/wiki/Mortgage_insurance

    Mortgage insurance. Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer.

  7. 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 ...

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