Mark Baker explains what mortgage insurance is and how to get rid of it. There are many ways to not have to pay mortgage insurance including refinancing your loan and waiting for a certain loan to value. Another option is to get an appraisal on the home and potentially use it to show enough equity that the mortgage insurance would be removed by the lender.
Common questions people have are “how to get rid of pmi on a fha loan”. Others ask “can I cancel my pmi if my home value increases”? This video goes a long way to describe PMI in detail and how to get rid of it.
Mark Baker is a mortage lender in Las Vegas and has had success helping clients get rid of their mortgage insurance.