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Are mortgage lenders supposed to provide borrowers with information on the conditions when they can cancel mortgage insurance?

April 26, 2017borrowers cancel Conditions lenders mortgage mortgage insurance

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Are mortgage lenders supposed to provide borrowers with information on the conditions when they can cancel mortgage insurance?

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Because of the wide variation in lender, investor and state requirements, it is necessary to consult your lender on these questions. Keep in mind when considering mortgage insurance issues that the lender is the insured, not the borrower.