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PMI Cancellation
Mortgage insurance can usually be canceled by the home buyer after he or she has at least 20 percent equity in the home. Borrowers should contact their servicer to find out the procedure for canceling mortgage insurance when they think they have achieved 20 percent equity. Guidelines for canceling private mortgage insurance are set by investors. Typically, investors will require an appraisal on the property. The servicer can recommend qualified local appraisers.
"Thank you to our amazing realtor, Ken Scheider for making it all possible! If you are looking for a realtor that truly has your best interest at heart, Navigation Realty is for you! I know it's cheeseball, but it's true. Ken really does care! We can't say thank you enough for being there with us every step of the way!"
-Amber S.
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