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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.
One sample to help illustrate this is the situation of a homeowner who purchases a $200,000 home. They put 10%
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