- This topic has 75 replies, 6 voices, and was last updated 14 years, 1 month ago by
ninaprincess.
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AuthorPosts
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January 12, 2011 at 11:48 AM #652310January 12, 2011 at 12:03 PM #652914
ninaprincess
ParticipantI think I might go with option 3.
One more question, do you think this rate is competitive in current market or I should find more quotes?
Thanks,
January 12, 2011 at 12:03 PM #653051ninaprincess
ParticipantI think I might go with option 3.
One more question, do you think this rate is competitive in current market or I should find more quotes?
Thanks,
January 12, 2011 at 12:03 PM #653378ninaprincess
ParticipantI think I might go with option 3.
One more question, do you think this rate is competitive in current market or I should find more quotes?
Thanks,
January 12, 2011 at 12:03 PM #652259ninaprincess
ParticipantI think I might go with option 3.
One more question, do you think this rate is competitive in current market or I should find more quotes?
Thanks,
January 12, 2011 at 12:03 PM #652325ninaprincess
ParticipantI think I might go with option 3.
One more question, do you think this rate is competitive in current market or I should find more quotes?
Thanks,
January 12, 2011 at 12:36 PM #652274ninaprincess
ParticipantThe loan agent came back and said that there is no time limit of getting out of PMI, you can request cancellation at 80% or it will be automatically when the balance reaches 78% of the home’s original value. If this is the case, is Option 2 better?
These are the two FAQs about the loan #2:
When can I cancel MI?
When the balance on your mortgage reaches 80% of the home’s original value or current
appraised value, you may request cancellation of your MI. You must have a good payment history
with respect to the mortgage, mortgage payments must be current and there can be no other
loans against the home. Some lenders also require verification that the property did not decrease
in value.Will it get cancelled automatically?
When the mortgage balance reaches 78% of the home’s original value
and payments are current, the lender is required to cancel the mortgage insurance automatically.January 12, 2011 at 12:36 PM #653066ninaprincess
ParticipantThe loan agent came back and said that there is no time limit of getting out of PMI, you can request cancellation at 80% or it will be automatically when the balance reaches 78% of the home’s original value. If this is the case, is Option 2 better?
These are the two FAQs about the loan #2:
When can I cancel MI?
When the balance on your mortgage reaches 80% of the home’s original value or current
appraised value, you may request cancellation of your MI. You must have a good payment history
with respect to the mortgage, mortgage payments must be current and there can be no other
loans against the home. Some lenders also require verification that the property did not decrease
in value.Will it get cancelled automatically?
When the mortgage balance reaches 78% of the home’s original value
and payments are current, the lender is required to cancel the mortgage insurance automatically.January 12, 2011 at 12:36 PM #652340ninaprincess
ParticipantThe loan agent came back and said that there is no time limit of getting out of PMI, you can request cancellation at 80% or it will be automatically when the balance reaches 78% of the home’s original value. If this is the case, is Option 2 better?
These are the two FAQs about the loan #2:
When can I cancel MI?
When the balance on your mortgage reaches 80% of the home’s original value or current
appraised value, you may request cancellation of your MI. You must have a good payment history
with respect to the mortgage, mortgage payments must be current and there can be no other
loans against the home. Some lenders also require verification that the property did not decrease
in value.Will it get cancelled automatically?
When the mortgage balance reaches 78% of the home’s original value
and payments are current, the lender is required to cancel the mortgage insurance automatically.January 12, 2011 at 12:36 PM #653394ninaprincess
ParticipantThe loan agent came back and said that there is no time limit of getting out of PMI, you can request cancellation at 80% or it will be automatically when the balance reaches 78% of the home’s original value. If this is the case, is Option 2 better?
These are the two FAQs about the loan #2:
When can I cancel MI?
When the balance on your mortgage reaches 80% of the home’s original value or current
appraised value, you may request cancellation of your MI. You must have a good payment history
with respect to the mortgage, mortgage payments must be current and there can be no other
loans against the home. Some lenders also require verification that the property did not decrease
in value.Will it get cancelled automatically?
When the mortgage balance reaches 78% of the home’s original value
and payments are current, the lender is required to cancel the mortgage insurance automatically.January 12, 2011 at 12:36 PM #652929ninaprincess
ParticipantThe loan agent came back and said that there is no time limit of getting out of PMI, you can request cancellation at 80% or it will be automatically when the balance reaches 78% of the home’s original value. If this is the case, is Option 2 better?
These are the two FAQs about the loan #2:
When can I cancel MI?
When the balance on your mortgage reaches 80% of the home’s original value or current
appraised value, you may request cancellation of your MI. You must have a good payment history
with respect to the mortgage, mortgage payments must be current and there can be no other
loans against the home. Some lenders also require verification that the property did not decrease
in value.Will it get cancelled automatically?
When the mortgage balance reaches 78% of the home’s original value
and payments are current, the lender is required to cancel the mortgage insurance automatically.January 12, 2011 at 12:38 PM #653071Scarlett
ParticipantI think that’s pretty standard. I’d still go with option 3.
January 12, 2011 at 12:38 PM #653399Scarlett
ParticipantI think that’s pretty standard. I’d still go with option 3.
January 12, 2011 at 12:38 PM #652279Scarlett
ParticipantI think that’s pretty standard. I’d still go with option 3.
January 12, 2011 at 12:38 PM #652345Scarlett
ParticipantI think that’s pretty standard. I’d still go with option 3.
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