Monday, November 22, 2010
(Removing PMI or MIP) Did you know once a loan reaches 78% of it's original appraisal value, MI is dropped ? FHA and Conv a little Different - (if the mtg payments are current). For FHA, must pay for min. 5 yrs AND 78% LTV based on original value. Rules are different for 15 yr term. Ask me for complete details!
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