When can i drop mortgage insurance?

Answer On One Hand: At 20 Percent EquityPrivate mortgage insurance--or PMI--is a fee charged to a borrower by the lender to pay for insurance that benefits only the lender in the event of the borrower's f... Read More »

Top Q&A For: When can i drop mortgage insurance

Can a spouse drop or cancel insurance on the other spouse if that spouse has no other coverage This for the state of Florida The husband has cancer and the wife wants to drop him from her insurance?

Answer Why would the wife want to do that? Check the Family Law Code in your State - she's probably responsible for any debts that her husband incurs.Check with the Insurance Company - they will p... Read More »

Can an employer force you to keep insurance on dependent children if your ex has insurance on them but the insurance won't drop coverage unless there is a court order for the ex to cover them?

Answer Your employer can not legally force you to insure anyone unless the employer is in possession of a court order that requires the employer to keep this coverage in place. Answer In going thru... Read More »

Are mortgage rates going to drop again?

On One Hand: Lowest Rates of 2010As of May 2010, mortgage rates sit lower than any other time in 2010. Although stocks continue falling, lenders haven't dropped the rates much lower, Mortgage News ... Read More »

Can a Bank Require Mortgage Insurance on a VA Mortgage?

Private mortgage insurance is a type of insurance product that most homeowners are forced to purchase in order to protect their lender. This insurance coverage is required in case the borrower goes... Read More »