Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

What is the monthly payment after PMI is dropped?

Sagot :

Answer:

The lender or servicer must automatically terminate PMI when your mortgage balance reaches 78 percent of the original purchase price — in other words, when your loan-to-value (LTV) ratio drops to 78 percent.