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The Beth Hines Team
5160 Hwy 42 West
Garner, NC 27529
Phone: 919-868-6316
Contact Page
5160 Hwy 42 West
Garner, NC 27529
Phone: 919-868-6316
Contact Page
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.
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