Cumberland, MD asked in Real Estate Law for Maryland

Q: PMI removal is being denied because I paid my mortgage down below 78% ahead of the amortization schedule?

Can PMI removal be denied for paying your mortgage down faster than the standard schedule? I'm at 76% LTV of my original loan amount, but 3 years before the standard schedule says I should be. Is there anyway around that without paying for a BPO?

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1 Lawyer Answer
Cedulie Renee Laumann
Cedulie Renee Laumann
  • Crownsville, MD
  • Licensed in Maryland

A: The Consumer Financial Protection Bureau (a federal agency) has a wealth of information relative to this exact topic of removing PMI which can be accessed at the following site:

While not legal advice I hope that this helps point you in a direction to get clear answers to your questions.

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