Vacation property 10 % down loan question

[Marina Feldberg]

Hello! I am a real estate newbie who is interested in STRs in well established vacation areas. I have been scouting the forums on the topic, listening to podcasts, reading books, and reaching out to BP members. I am truly blown away with willingness of people on this website to share information, their time, and  their experience.  I have learned so much from the information from you all! 

In my search I came across the 10% down vacation loan. I am wondering if there is PMI on it and if so, does it get taken off once the equity reaches 20%?

Thank you all in advance.

Best regards,

Marina