Your Questions About Private Mortgage Lenders

Steven asks…

Our PMI Lender Canceled after closing?

We closed on a home and a month ago and just received a letter that our PMI provider has cancelled our Private Mortgage Insurance. We have not reached 80% of the assed value and at the time of closing everything was approved? What could this mean?

answers:

What is happening to your loan? Is your mortgage company saying anything to you? I would call the mortgage company and ask.

It could be almost anything from good to bad.

Powered by Yahoo! Answers