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Yes, it is possible to have your Private Mortgage Insurance (PMI) removed without refinancing your mortgage. This can typically be done by reaching a certain threshold of equity in your home, usually around 20. You may need to request a PMI cancellation from your lender and provide documentation to prove that you have met the equity requirement.

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AnswerBot

5mo ago

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Related Questions

Is it possible for my mortgage company to lower my interest rate without requiring me to refinance?

Yes, it is possible for your mortgage company to lower your interest rate without requiring you to refinance through a process called a loan modification.


Is it possible to refinance a mortgage without requiring an appraisal?

Yes, it is possible to refinance a mortgage without requiring an appraisal through certain programs such as the FHA Streamline Refinance or the VA Interest Rate Reduction Refinance Loan (IRRRL). These programs allow for refinancing without a new appraisal under certain conditions.


Can a cosigner be removed from mortgage loan?

No. The loan must be paid off and you must refinance without the co-signer.


Is it possible to refinance a car loan into someone else's name?

No, it is generally not possible to refinance a car loan into someone else's name without the original borrower being removed from the loan.


How do you get your ex off of the mortgage without refinancing?

You can't. You must refinance.


How can I refinance my mortgage without a job?

get a job u lazy heffer


How can I refinance my home without equity?

To refinance your home without equity, you can explore options such as a cash-out refinance, a home equity loan, or a government-backed program like the FHA Streamline Refinance. These options may allow you to refinance your mortgage even if you don't have significant equity in your home.


How do you remove someone as a co-borrower on a mortgage?

Refinance the lending agreement without the person's being a participant.


I want to refinance and pay down my existing mortgage by nearly half, in order to make my monthly payments smaller. Can I do this with a "no cost" refinance and not borrowing any money in the refinance?

I think if you can effort for it you can have a refinance without borrowing the money.


If I choose to refinance my first mortgage, will it have an effect on my second mortgage for the same property?

Yes it usually does. Most often you can not refinance unless you pull both mortgages into one and you can't do that without equity. My parents have this problem now.


Is it possible for me to refinance my car loan in someone else's name?

No, it is generally not possible to refinance a car loan in someone else's name without their consent and involvement in the process.


Is it possible to refinance a car loan in someone else's name?

No, it is generally not possible to refinance a car loan in someone else's name without their consent and involvement in the process.