When can I remove PMI (Private Mortgage Insurance) ?

Homebuyers often ask, “When can I get rid of the Private Mortgage Insurance on my home loan?” The answer is: “It Depends”. Here’s what I mean by that: If you have an FHA Loan, the Mortgage Insurance is there to stay . . .for the term of the loan. Not fun at all. If you have a Conventional Loan (backed…… Read More »