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Updated over 5 years ago on . Most recent reply

Heblin Villa's profile image
Heblin Villa's profile image
Heblin Villa
  • from Los angeles, California
  • Member since Nov 18, 2014
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Heblin Villa's profile image
Heblin Villa's profile image
Heblin Villa
  • from Los angeles, California
  • Member since Nov 18, 2014
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Heblin Villa
  • Los angeles, CA
1
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6
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Insurance

Removing PMI

Heblin Villa
  • Los angeles, CA
Posted

if somebody currently has mortgage insurance and you know that you now qualify for the lenders to take it off and you never request the cancellation...will they cancel it with out requesting the cancellation? 

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Bill P.'s profile image
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Bill P.
  • Investor | Syndicator | Instructor
  • from Cincinnati, OH
  • Member since Jan 6, 2008
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Bill P.'s profile image
Bill P.'s profile image
Bill P.
  • Investor | Syndicator | Instructor
  • from Cincinnati, OH
  • Member since Jan 6, 2008
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Bill P.
  • Investor | Syndicator | Instructor
  • Cincinnati, OH
198
Votes |
435
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Bill P.
  • Investor | Syndicator | Instructor
  • Cincinnati, OH
Replied

You may be required to pay for the appraisal that shows them (mortgage company) the LTV to be removed. Can definitely be worth it if your PMI is outrageous like most.

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