Can you terminate your private mortgage insurance?

Is it time you checked on your private mortgage insurance? If you have paid down your conventional home mortgage or increased your home’s value enough so that you have achieved 20% equity in your home, and you have maintained a history of timely payments, contact your loan company or servicer and see what you may need to do to request termination of your mortgage insurance. Remember this applies to conventional loans. FHA loans have different guidelines and requirements, so call me if you have any questions!

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