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Mortgage Insurance (MI) ........ when it reaches 80% LTV can you ASK the bank REMOVE it ??
Mortgage Insurance (MI) is usually automatically tacked onto the mortgage payment and made a part of it when the loan balance is over 80% of the value of the home at the time of purchase.
Let's say the homeowner bought a home for $200,000. They put 10% down ($20,000) and obtained ONLY one loan tha
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