Saturday, September 22, 2018
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PMI Cancellation

Mortgage insurance can usually be canceled by the home buyer after he or she has at least 20 percent equity in the home. Borrowers should contact their servicer to find out the procedure for canceling mortgage insurance when they think they have achieved 20 percent equity. Guidelines for canceling private mortgage insurance are set by investors. Typically, investors will require an appraisal on the property. The servicer can recommend qualified local appraisers.

Discount Mortgage
Office (888)360-3337 | Cell (408)316-5454
Real Estate Broker, California Department of Real Estate 9162270931
Bkr. Lic #01098186 [SIC code=6162 DUN #93-794-6796] NMLS# 314249

Discount Mortgage
Office (888)360-3337 | Cell (408)316-5454
Real Estate Broker, California Department of Real Estate 9162270931
Bkr. Lic #01098186 [SIC code=6162 DUN #93-794-6796] NMLS# 314249