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Updated over 8 years ago on . Most recent reply

Sean Forest's profile image
Sean Forest's profile image
Sean Forest
  • from Conshohocken, Pennsylvania
  • Member since Sep 9, 2015
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Sean Forest's profile image
Sean Forest's profile image
Sean Forest
  • from Conshohocken, Pennsylvania
  • Member since Sep 9, 2015
Connect
Sean Forest
  • Conshohocken, PA
0
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Personal Finance

Remove mortgage insurance on property down to 79.7% LTV

Sean Forest
  • Conshohocken, PA
Posted

I have a rental property whose loan I just saw is down to 79.7% LTV. Should I request that the mortgage insurance (MI) be removed? What is the typical process for removing MI from a loan? Will the mortgage company have to do an appraisal to assess the current value, or will they just remove it based off what they have listed as the current LTV?

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