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    Private Mortgage Insurance (PMI) was set up on my mortgage for 7 years does it automatically come off with now that houses have upside down mortgages?

    +1  Views: 456 Answers: 1 Posted: 13 years ago

    1 Answer

    If you have no equity in your house, you cannot cancel the PMI. Your equity in the house must still get to be 20% before the PMI can be cancelled, upside mortgage or not.



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