How To Get Rid of PMI   When buying a home with less than 20% down, home owners run into PMI, or private mortgage insurance.  While mortgage insurance can be paid in various ways, from a split premium to “lender paid” (lender paid PMI results in a higher interest rate), the most common form of…

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How to cancel PMI (mortgage insurance)   One questions I often get from clients buying a home or refinancing with less than 20% down or 20% equity is “how do I cancel PMI on my mortgage?”.  PMI is a benefit to both the lender and, though harder to recognize, the borrower.  Without mortgage insurance companies,…

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