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

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

    Federal law requires a lender to cancel private mortgage insurance (PMI) on conventional loans when a mortgage term is at its halfway point, or when the mortgage balance drops to 78 percent of the ...

  3. Cancellation (insurance) - Wikipedia

    en.wikipedia.org/wiki/Cancellation_(insurance)

    Cancellation of an insurance policy before the end of the policy period has the effect of ending the insurance coverage on the date of the cancellation. This can result in a partial return premium which can be calculated in different ways depending on the method specified in the policy.

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

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

    You can request to cancel PMI on a conventional loan after you reach 20 percent equity in the home. Plus, the Homeowners Protection Act mandates that your mortgage lender or servicer automatically ...

  5. Private mortgage insurance (PMI): What it is and how it works

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

    Private mortgage insurance (PMI) is an extra monthly fee that you pay on a conventional mortgage if you put less than 20 percent down. ... takes the form of two loans: one for 80 percent of the ...

  6. Lenders mortgage insurance - Wikipedia

    en.wikipedia.org/wiki/Lenders_mortgage_insurance

    The cancellation request must come from the servicer of the mortgage to the PMI company who issued the insurance. Often the servicer will require a new appraisal to determine the LTV. If borrowers have less than the 20% downpayment needed to avoid a mortgage insurance requirement, they might be able to make use of a second mortgage (sometimes ...

  7. Rescission (contract law) - Wikipedia

    en.wikipedia.org/wiki/Rescission_(contract_law)

    In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. [1] Rescission is the unwinding of a transaction.

  8. Paying PMI? Here’s How to Remove the Monthly Mortgage ... - AOL

    www.aol.com/finance/paying-pmi-remove-monthly...

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  9. Lists of post-nominal letters - Wikipedia

    en.wikipedia.org/wiki/Lists_of_post-nominal_letters

    Post-nominal letters are letters placed after the name of a person to indicate that the individual holds a position, office, or honour. An individual may use several different sets of post-nominal letters. Honours are listed first in descending order of precedence, followed by degrees and memberships of learned societies in ascending order.

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