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Updated 3 months ago on . Most recent reply

Nicholas Dillon's profile image
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Nicholas Dillon
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Nicholas Dillon's profile image
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Nicholas Dillon
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Buying & Selling Real Estate

Requesting that your mortgage insurance be dropped

Nicholas Dillon
Posted

I read somewhere that you can request to have your mortgage insurance dropped once your Loan to Value reaches 80%. Is this true? Has anyone ever had success doing this? Thanks for the help. 

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Jonathan Greene
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Jonathan Greene's profile image
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Jonathan Greene
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Yes, but just call your lender and ask them what you have to get to in order to get rid of your PMI.

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