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Insurance-Discussion.com - View Single Post - How do I get rid of my PMI on a M&T mortgage?
Thread: How do I get rid of my PMI on a M&T mortgage?
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Old 06-06-2007, 10:11 PM
welcomenews2204 welcomenews2204 is offline
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Join Date: Apr 2007
Posts: 23
Default How do I get rid of my PMI on a M&T mortgage?
there is 3 ways of getting rid of PMI:1. Paying down the principal to 80% like other people suggest.2.Refinancing- if this is beneficial for you (lover interest rate)3.Check how much your house is worth and if the value of the house rise to 75% - you can ask the M&T to remove your PMI.Most likely they would like to see the appraisal report to prove, that the value of your house go up.
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