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Private Mortgage Insurance (PMI) – Cancellation and Automatic. – The Homeowners Protection Act of 1998 (also known as the PMI Act) establishes rules for automatic termination and borrower cancellation (by request) of private mortgage insurance. Eligibility The PMI Act applies to home mortgages signed on or after July 29, 1999 for the purchase, initial construction, or refinance of a single-family home that.
Insurance – Sample Cancellation Letter | EINSURANCE – If you want to cancel your current policy, you should send an insurance cancellation letter or termination letter to notify the insurer to cancel the policy or request to refund the remaining portion of the premium. For your use, we provide you with an insurance sample cancellation letter below.
PDF Sample PMI Cancellation Letter – 35Tips.com – Sample Private Mortgage Insurance Cancellation Letter Mortgage Company Address City, State zip Name: Loan #: Property Address To: Contact name I have been advised that I am no longer obligated to carry my private mortgage insurance after my loan-to-value ratio has reached a threshold of less than 80%.
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When can I remove private mortgage insurance (PMI) from my loan? – The federal Homeowners Protection Act (HPA) provides rights to remove Private Mortgage Insurance (PMI) under certain circumstances. The law generally provides two ways to remove PMI from your home loan: (1) requesting pmi cancellation or (2) automatic or final PMI termination.
Understanding Private Mortgage Insurance (PMI) | ditech – Understand Private Mortgage Insurance (PMI), what it is, why you might need it, and how. If you want to cancel PMI on your loan, Ditech will work with you on your options.. Mail or FAX this letter to: Ditech Financial LLC T-456 -Escrow Dept.
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PDF Sample of Letter to Request for Cancellation of PMI – Sample of Letter to Request for Cancellation of pmi _____ date servicing lender name Servicing lender address City, State ZIP code Dear (Servicing lender): I would like to determine if I am eligible to cancel my PMI on loan number (fill in your mortgage loan number). Our property location is (street address, city, state, zip).