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Annie
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9 months ago
in Let’s Eliminate PMI-As-We-Know-It on OpenMarket.org
When I got my home loan the mortgage officer messed up and placed MI on my home loan. I tried to get it removed and the mortgage co. refused. Their policy is 18 months into loan and 20% of home value. I am at 24 months and alot more than 20%. Heck, when I walked out of closing I had $30,000. in equity.
How can I get them to take the PI off my loan?
How can I get them to take the PI off my loan?
1 reply
jackharrell
Try here: http://www.ftc.gov/bcp/conline/pubs/alerts/pmia... I thought I remembered it was illegal for the mortgage holder to continue PMI after the 20% equity was met.
