answersLogoWhite

0

No, you do not necessarily need to refinance in order to remove PMI from your mortgage. You can request to have PMI removed once you have reached a certain level of equity in your home, typically around 20.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

Do I need to refinance in order to remove PMI from my mortgage?

Yes, you may need to refinance your mortgage in order to remove PMI (Private Mortgage Insurance) if you have reached a certain level of equity in your home. Refinancing allows you to get a new loan with better terms, potentially eliminating the need for PMI.


Is it possible to remove your wifes name of a mortgage?

You would need to pay off that mortgage and refinance in your sole name.


Can you get your bankrupt ex partner taken off your joint mortgage?

You would need to refinance your mortgage loan to remove the ex.


Can I get home equity with Mortgage Refinance Debt Consolidation?

I think you probably can get home equity with mortgage refinance debt consolidation. You will need to sit down with your lender in order to get the refinance done. It's almost like applying for a mortgage all over again.


How do you remove co-sign on mortgage?

By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.


How can you refinance your home mortgage?

To refinance your home mortgage, you can go to a bank or credit union with the proper paperwork from your original mortgage and ask for refinance. There's usually fees involved, but if you need to, you can.


Do you need to redo the deed to refinance?

You will need your deed to refinance your home. If you no longer have it, your mortgage company should be able to get it for you.


Do you need to have a separation agreement to refinance a mortgage in your name?

You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.


How can one refinance his mortgage?

A person who wants to refinance their home needs to find a mortgage company to do so. The person will need to discuss options of their home, credit and bank information pertaining to the refinance.


How do you remove a former partner off of a mortgage loan?

You would need to take that question up with the lender. It may want you to refinance the loan.


Do I need a mortgage broker to refinance my home loan?

You don't need a mortgage broker to refinance your home loan, but they can help you find better deals and navigate the process more easily.


What information is needed to refiance a loan with Riverside Mortgage?

There is a lot of documentation needed in order to refinance a home loan with riverside mortgage. You will need the details of your first mortgage, as well as proof of current income and liabilities. Then you will need to get an appraisal of your home.