Loan - to - value (LTV) The loan-to-value ratio calculates how much of a property you own (equity) compared to how much you owe still on the loan. As you continue to pay off your loan, your LTV ratio decreases as your equity, or ownership, grows.

If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. LTV Example: If you borrow $85,000 to buy a house appraised at $100,000, your loan-to-value ratio is 85%.

Learn how much insurance you need to cover your home and loan, and which types of insurance are required or optional for your property. Find out how to pay for insurance through your escrow account and what to do if you live in a high-risk area.

If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. It can be called Private Mortgage Insurance (PMI) or Mortgage Insurance Premium (MIP).

Removing PMI. If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. How do I get rid of PMI? The requirements to remove MIP are complex and depend upon multiple factors and scenarios ...

If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. It can be called Private Mortgage Insurance ( PMI ) or Mortgage Insurance Premium (MIP).

Removing PMI. If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. How do I get rid of PMI? The requirements to remove MIP are complex and depend upon multiple factors and scenarios ...

Removing PMI. If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. How do I get rid of PMI? The requirements to remove MIP are complex and depend upon multiple factors and scenarios .....

However, here are some general rules that may apply: The loan cannot have had escrow force-placed in the past. The loan cannot be an FHA loan. If the loan has been modified where escrow is a requirement, it cannot be removed. The loan-to-value (LTV) ratio must be 80% or less.

If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. It can be called Private Mortgage Insurance (PMI) or Mortgage Insurance Premium (MIP).