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Edina Realty
Phone: 612-940-7277
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Prior Lake, MN Real Estate.  Shakopee, MN REal Estate.  Savage, MN Real Estate.  New Prague, MN REal Estate.  Burnsville, MN REal Estate.

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Jeff and Shannon Hansen Licensed in MN.

PMI Cancellation

Mortgage insurance can usually be canceled by the home buyer after he or she has at least 20 percent equity in the home. Borrowers should contact their servicer to find out the procedure for canceling mortgage insurance when they think they have achieved 20 percent equity. Guidelines for canceling private mortgage insurance are set by investors. Typically, investors will require an appraisal on the property. The servicer can recommend qualified local appraisers.

 

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Prior Lake MN Real Estate, Shakopee MN Real Estate, Savage MN Real Estate