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#1684591 - 04/02/12 12:52 PM PMI Cancellation
CaseyBoo30 Offline
Gold Star
Joined: Feb 2007
Posts: 262
Winchester, KY
Does it matter what the exact percentage is for cancellation and termination of PMI? Do the percentages have to be exactly 80% and 78%?

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#1684649 - 04/02/12 02:24 PM Re: PMI Cancellation CaseyBoo30
Matt_B Offline
Diamond Poster
Joined: Sep 2011
Posts: 1,648
A CU, Where Regs Don't Apply
80% or below is the point where the borrower may request cancellation, 78% is when you must cancel it. As soon as it hits 78%, I wouldn't wait any longer.
Someone's about to get horned!

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