18 June 2022 1:26

After hitting 80% LTV, my mortgage lender refuses to remove PMI. Any recourse?

You can request removal of the PMI as soon as your LTV ratio reaches 80% as per the amortization schedule and the lender must grant the request provided your account being in good standing, i.e. you have not missed payments or made late payments and your LTV actually is at 80% as per the amortization schedule (which …