Category Archives: PMI

The Lender Won’t Terminate My PMI

Q: I am being denied automatic termination of my PMI, with the reason being that, “i made additional payments to reduce my balance ahead of time, thus i am not qualified for automatic termination of my PMI.” My loan information shows my LTV at 76%, and a Scheduled 78% LTV date of 07/01/09. Is that [...]

Lender Tricked Her Into PMI

Question: I have been tricked into refinancing to a new loan that has PMI.  My loan prior to refinancing did not carry a PMI but I had two loans, a first loan w/ 80% and the second loan w/ 20%.  I decided to refinance to combine two loans into one. My mortgage broker told me [...]

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