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How To Get Rid of Private Mortgage Insurance

February 7, 2013

Insurance stop light

The Easiest and Quickest Way – Refinance

If you have a FHA or conventional loan, the easiest way to dump your mortgage insurance is to refinance. When you refinance, you have to do a new appraisal, and if you have established 20% equity, then you don’t need mortgage insurance!

If you don’t have 20% equity but have some cash to pay down the mortgage, refinancing may still be a better option rather than just paying down the existing loan and hoping the lender will approve your request to remove the mortgage insurance.

FOR A FAST PRE-APPROVAL: Complete a loan application on our website

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