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  2. 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 ...

  3. 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 ...

  4. What to do if your homeowners insurance is canceled - AOL

    www.aol.com/finance/homeowners-insurance...

    A notice of cancellation: If you receive a cancellation notice, talking to your insurance company or agent is a good first step. If your homeowners insurance was canceled after an inspection, you ...

  5. 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.

  6. Loss payee clause - Wikipedia

    en.wikipedia.org/wiki/Loss_payee_clause

    A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy.

  7. Mortgage insurance - Wikipedia

    en.wikipedia.org/wiki/Mortgage_insurance

    Borrower paid private mortgage insurance, or BPMI, is the most common type of PMI in today's mortgage lending marketplace. BPMI allows borrowers to obtain a mortgage without having to provide 20% down payment, by covering the lender for the added risk of a high loan-to-value (LTV) mortgage.

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