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Tagged with: pmi
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Kathie Wygant
3 months ago
-instead of a mod they redid my loan again for 30 yrs and added PMI again. No new appraisal was done and I was well below my LTV-should I have been charged PMI again? I am told I have to pay this again for another 5 yrs. I think I was ripped off.

When I inquired about this all they did was resend me my paperwork and said I had to pay another five years of PMI. I don't think this is right. How can I go about getting this resolved?
-instead of a mod they redid my loan again for 30 yrs and added PMI again. No new appraisal was done and I was well below my LTV-should I have been charged PMI again? I am told I have to pay this again for another 5 yrs. I think I was ripped... (more)
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Marie Baker
6 months ago
Home purchased in 2/2011 for $124900.00 Streamline refinance Only done in 2/2013 to lower rate. Currently we owe just over $100k and the market value is $180k approximately. That puts us well under the 78% ltv can we cancell PMI?
Home purchased in 2/2011 for $124900.00 Streamline refinance Only done in 2/2013 to lower rate. Currently we owe just over $100k and the market value is $180k approximately. That puts us well under the 78% ltv can we cancell PMI?
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William Ogee
8 months ago
I am refinancing my home for $91,000.00 it appraised for $280,000.00. Do I have to have PMI?
I am refinancing my home for $91,000.00 it appraised for $280,000.00. Do I have to have PMI?
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Shawn Shumaker
8 months ago
I now have more than 20% equity in my home after 4 years of paying PMI and 1 year left. Do I still have to wait another year before PMI can be removed? Are there any other options for having it removed now?
I now have more than 20% equity in my home after 4 years of paying PMI and 1 year left. Do I still have to wait another year before PMI can be removed? Are there any other options for having it removed now?
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David Cash
9 months ago
I am trying to eliminate the PMI. My loan is $599,000 while the value of the home is over 1 million. The loan started in April 2012. Can I eliminate the PMI? If so, what steps do I need to take?
I am trying to eliminate the PMI. My loan is $599,000 while the value of the home is over 1 million. The loan started in April 2012. Can I eliminate the PMI? If so, what steps do I need to take?
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I’m refinancing a primary home to a 15-year, fixed rate with ratio value, 60%. Do I have to pay PMI? If the ratio reaches 90% in 5 years, can I eliminate the PMI? Why must we wait 11 years?
I’m refinancing a primary home to a 15-year, fixed rate with ratio value, 60%. Do I have to pay PMI? If the ratio reaches 90% in 5 years, can I eliminate the PMI? Why must we wait 11 years?
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Joy Caudill
a year ago
After 2013 as long as the LTV is high enough there is still an 11 year MIP. Is the LTV based on the loan amount calculated against the purchase price or the appraisal price? If qualified with a good enough LTV the annual MIP for 11 years is 80 bps (0.80%). Is this calculated on the original loan amount always or is it adjusted yearly based on the current principal balance? Basically, If I pay extra to reduce my principal will it lower my MIP yearly?
After 2013 as long as the LTV is high enough there is still an 11 year MIP. Is the LTV based on the loan amount calculated against the purchase price or the appraisal price? If qualified with a good enough LTV the annual MIP for 11 years is 80 bps... (more)
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Juan Castillo
a year ago
Loan origination date July 2009, loan amount 154,000, currently owe 129,000. Zillow appraisal estimate is 179,000. I have not done an appraisal yet though.
Loan origination date July 2009, loan amount 154,000, currently owe 129,000. Zillow appraisal estimate is 179,000. I have not done an appraisal yet though.
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william sanford
a year ago
I ask because if my loan is under 20 percent I will have to pay PMI. Will this be the case for the entire loan or until I have paid 20 percent of the loan value?
I ask because if my loan is under 20 percent I will have to pay PMI. Will this be the case for the entire loan or until I have paid 20 percent of the loan value?
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James Hester
a year ago
Hi, I could not qualify for a conventional due to a rental that we had to let go 4 years ago.

We purchased a house for 415K and put down 138K for an FHA loan of 277k. I am being charged an MIP even though my loan to value is less than 80%. Should I be charged this?

If I am supposed to pay it, if I pay my loan down 20% will it go away then?

Thank you for any help
Hi, I could not qualify for a conventional due to a rental that we had to let go 4 years ago.

We purchased a house for 415K and put down 138K for an FHA loan of 277k. I am being charged an MIP even though my loan to value is less than 80%. Should I... (more)
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