Answer:
Answer by Randy Carey: Until the loan reaches the amortization point where you have to cancel the PMI.
Answer:
Answer by Richard Insley: Unless the obligation to pay PMI premiums (prepaid plus monthly) has been transferred by contract to a third party, premiums are always Finance Charges. You must include all premiums projected from the date of consummation through the automatic termination date (when LTV falls to 78%.)
First published on BankersOnline.com 7/11/11
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