What is mortgage insurance? If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. LTV Example: If you borrow $85,000 to buy a house appraised at $100,000, your loan-to-value ratio is 85%. (85,000 / 100...

Loan-to-value (LTV) The loan-to-value ratio calculates how much of a property you own (equity) compared to how much you owe still on the loan. As you continue to pay off your loan, your LTV ratio decreases as your equity, or ownership, grows. For a home loan, an LTV ratio of....

We found more than 100 results for your search. It can be called Private Mortgage Insurance (PMI) or Mortgage Insurance Premium (MIP). What is mortgage insurance? If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled ...

Here’s how to calculate equity in your home. The good news is, it’s relatively straightforward and only takes two calculations (and you can use Mr. Cooper’s mortgage calculators to check your math). The first calculation you will need to make is your loan to value ratio ( LTV).

However, here are some general rules that may apply: The loan cannot have had escrow force-placed in the past. The loan cannot be an FHA loan. If the loan has been modified where escrow is a requirement, it cannot be removed. The loan-to-value (LTV) ratio must be 80% or less.

Your property must reach at least 20% equity—or 80% LTV—to be eligible for an early cancellation.; Also, other conditions may apply to early cancellation depending on the loan inves... However, you can submit a request for early cancellation of PMI before the automatic termination ...

If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. It can be called Private Mortgage Insurance (PMI) or Mortgage Insurance Premium (MIP).

Learn how to update your mortgagee clause if your loan was transferred to Mr. Cooper and what to do with optional insurance products. Find answers to common questions about mortgagee clause, a term that refers to the lender's interest in your property...

Learn how to file an insurance claim, apply for mortgage assistance, and register for disaster assistance after a disas... For insurance questions, you can reach our Insurance department at 866 ⁠- 825 ⁠- 9267 or our Loss Draft department at 866⁠-825⁠-9302.

If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%. It can be called Private Mortgage Insurance (PMI) or Mortgage Insurance Premium (MIP). What is mortgage insuran... page.