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

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

    Request PMI cancellation when your mortgage balance reaches 80 percent. Pay down your mortgage earlier. Refinance your mortgage. Reappraise your home. Expand or renovate your home to increase its ...

  3. 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 ...

  4. Mortgage insurance vs homeowners insurance: what’s the ...

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

    Mortgage insurance, also known as private mortgage insurance (PMI), is typically required for borrowers who make a down payment of less than 20 percent when purchasing a home.

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

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

    The mortgage insurance (PMI) deduction expired after the 2021 tax year. For eligible years, PMI was deductible only if you itemized your tax deductions. Most borrowers pay mortgage insurance ...

  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 ...

  7. 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.

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