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

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

    If you meet the eligibility requirements to remove MIP from an FHA loan, your mortgage servicer should automatically cancel the premiums once you meet the criteria (a 78 percent LTV ratio or 11 ...

  3. Can I Cancel My FHA Mortgage Insurance? - AOL

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

    That's particularly true if you sought out an FHA loan, which are structured … Continue reading → The post How to Remove FHA Mortgage Insurance appeared first on SmartAsset Blog.

  4. What is mortgage insurance? - AOL

    www.aol.com/finance/mortgage-insurance-174421492...

    You can get rid of mortgage insurance in many ways, including paying down your loan, refinancing or requesting cancellation when you reach 20 percent equity in your home. Keep in mind: If you have ...

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

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

    The Homeowners Protection Act of 1998 requires that lenders remove private mortgage insurance when a borrower reaches a 78 percent loan-to-value (LTV) ratio. For example, if the purchase price of ...

  6. FHA insured loan - Wikipedia

    en.wikipedia.org/wiki/FHA_insured_loan

    An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA mortgage insurance protects lenders against losses. [1] They have historically allowed lower-income Americans to borrow money to purchase a home that they would not otherwise be able to afford.

  7. Is an FHA Loan a Good Choice for Your Mortgage? - AOL

    www.aol.com/fha-loan-good-choice-mortgage...

    With a conventional loan, on the other hand, you can request cancellation of your private mortgage insurance once you reach 80% equity. The PMI terminates automatically when you reach 78% equity.

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