Mortgage Insurance on my loan, When does mortgage insurance have to be on a loan? Does PMI come off my loan? Does MIP fall off my loan? What is mortgage insurance? Can you Re-Fi out of mortgage insurance?
Mortgage insurance guarantees the investor’s money in a real estate transaction. Sometimes it’s programmed to come off (commercial mortgages are at 78% LTV), and other times it stays on there forever (FHA / USDA). Either way, you should know what it does before you say, “I want to get rid of this!” because sometimes, it’s a good idea to leave it there!
*No loans were harmed in the filming of this real estate discussion.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage’s Jason Christiansen, and Hive Collective at Presidio’s Tyler Cazier and “Mr. Suit” Aric Wiszt.