If your loan is a FHA loan, they only way to cancel it is to refinance into a conventional loan. There are Conventional loans with the PMI premium built into the interest rate, if you have less than 20% equity.
There are multiple ways you can potentially get rid of mortgage insurance. It depends on many variables, including what type of loan you have, and when you got it. You may have to refinance to remove it, or you may just need a quick phone call. Contact a local mortgage broker in your area for more information about your personal situation. For this situation in MN, WI, or SD, visit me at www.Streamline-Refinance-MN.com
Great.. Give me a call.. i'd be happy to look at your complete loan profile and advise you.. there are many programs available, but it really depends on several factors.. the more info you provide, the more accurate I can be.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
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