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2. How to get rid of private mortgage insurance (PMI) - AOL

   www.aol.com/finance/rid-private-mortgage...

   Alternatively, the servicer must cancel the PMI at the halfway point of your loan’s amortization schedule. For example, if you have a 30-year mortgage, the midpoint would be after 15 years.

3. Right of rescission: Canceling a HELOC, home equity loan or ...

   www.aol.com/finance/rescission-canceling-heloc...

   The right of rescission doesn't apply to residential mortgage transactions (i.e., purchase loans). ... The easiest way to cancel your mortgage agreement is to use the notice of rescission that you ...

4. Mortgage Forgiveness Debt Relief Act of 2007 - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Forgiveness_Debt...

   The lender is usually required to report the amount of the cancelled debt to the borrower and the IRS on a Form 1099-C, Cancellation of Debt. [4] Cancelled mortgage debts are not always taxed by the IRS. There are some occasions when the borrower is exempted from paying any tax on the forgiven mortgage loan amount.

5. How to remove mortgage insurance on an FHA loan - AOL

   www.aol.com/finance/remove-mortgage-insurance...

   The ability to remove FHA mortgage insurance depends on your loan origination date and size of your down payment. If you got your FHA loan after the year 2000, you might be able to cancel FHA ...

6. Cancellation-of-debt income - Wikipedia

   en.wikipedia.org/wiki/Cancellation-of-debt_income

   This is commonly known as cancellation-of-debt (COD) income. According to the Internal Revenue Code , the discharge of indebtedness must be included in a taxpayer's gross income . [ 1 ] There are exceptions to this rule, however, so a careful examination of one's COD income is important to determine any potential tax consequences.

7. Mortgage modification - Wikipedia

   en.wikipedia.org/wiki/Mortgage_modification

   The emergency loan-modification options give homeowners the potential to extend amortization periods on their homes if experiencing significant financial hardship or foreclosure. These options can offer extensions up to a 40-year amortization, if a 15-year extension is granted on a previous 25-year amortization mortgage.