How do I know if I qualify to cancel PMI? To calculate the LTV ratio, divide $258,000 by $300,000 to get 86. Expressed as a percentage, this is 86%. The LTV ratio is 86%. PMI is generally required for borrowers who take out a conventional mortgage with a loan-to-value ratio of 81% or higher. In this example, the lender will charge PMI until you qualify for auto-cancellation at 78% LTV or request PMI termination at 80% LTV. There’s more than […]
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4:36 pm , 4 agosto, 2024
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