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What Is Private Mortgage Insurance (PMI) and Can My Mortgage Lender Require It?

April 26, 2017Lender mortgage PMI private mortgage insurance require

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What Is Private Mortgage Insurance (PMI) and Can My Mortgage Lender Require It?

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Lenders typically require PMI from homeowners whose mortgages are more than 80% of the value of their home. PMI may be cancelled when homeowners meet certain conditions.