Q:

What are the rules for dropping PMI on a home mortgage

Answer

Lenders generally are required to drop private mortgage insurance after your equity in your home reaches 22% of the value. ChaCha!

Categorized In: Real Estate

Source: Dropping PMI - Kiplinger.com | www.kiplinger.com

Description: Lenders generally are required to drop private mortgage insurance after your equity in your home reaches 22% of the property's value.

Sep 22 2009, 09:04pm

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