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Question 1 of 5
1. Question
A borrower reviews their mortgage statement and notices the loan balance is approaching 80 percent of the original home value. The borrower contacts the servicer to ask how PMI can be removed.
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Question 2 of 5
2. Question
A borrower cannot locate the PMI disclosure explaining when PMI may be cancelled.
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Question 3 of 5
3. Question
A borrower makes extra principal payments and believes the loan balance is now below 80 percent of the original value.
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Question 4 of 5
4. Question
A borrower asks how the original value of the home is determined for PMI cancellation.
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Question 5 of 5
5. Question
A borrower requests PMI cancellation but has had several late payments.
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