What are the mortgage insurance requirements in Nebraska?
I’ll assume that you mean mortgage insurance since that is how your question is phrased. The requirement for mortgage insurance is set my the lender at the time your originate your loan. If it is required to get approval for your financing, then it is not optional. In the state of Nebraska you can ask that the MI be cancelled once you have paid your mortgage down to 80% based on the original value of the property or when you can show that the property has appreciated enough to show a current loan to value of 78% through appreciation.
