cancel fha private-mortagage insurance

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Mariam

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PostPosted: Tue Jan 13, 2009 1:54 pm    Post subject: Mortgage Insurance Premium

Is it typical for a mortgage insurance premium financed on a home loan of 158000 to be 2700?
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PostPosted: Wed Jan 14, 2009 12:38 am    Post subject:

Check out with your insurance company. They will help you understand the calculations.
Alle

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PostPosted: Sat Jan 24, 2009 12:57 am    Post subject: Cancelling LPMI

My lender has notified me that I no longer need LPMI and can re-finance. But I don't want to re-finance, I just want the LPMI cancelled. Is that possible
Icon Mini Profile jameshogg
jameshogg



Joined: 20 Dec 2005

Posts: 4291
Location: nevada
509.34 Dollars($)
PostPosted: Sun Jan 25, 2009 11:11 pm    Post subject:

Hi Alle,

You have said that your lender has told you that you do not need LMPI. So you can ask him to cancel it. I don't think you need to refinance the loan in order to cancel the LMPI.

Thanks
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