Thursday, October 19, 2017
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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.


Bentley and Leenher Mortgage Consulting LLC | Ph: (512) 402-0309
5307 Highway 290W Building B, Suite 5  | Austin, TX 78735
NMLS# 286468


Bentley and Leenher Mortgage Consulting LLC | Ph: (512) 402-0309
5307 Highway 290W Building B, Suite 5  | Austin, TX 78735
NMLS# 286468