Your roadmap to dropping private mortgage insurance
The law and the guides
Your next move
PMI Exit Plan relies on CFPB explanations of the Homeowners Protection Act and mortgage insurance, plus Fannie Mae refinance rules.
Last reviewed against the primary sources listed below.
Review
Sources are re-read when a stage is reviewed.
The law and the guides
- CFPB: When can I remove private mortgage insurance from my loan?
- CFPB: What is private mortgage insurance?
- CFPB: What is mortgage insurance and how does it work?
- CFPB: What is a loan-to-value ratio and how does it relate to my costs?
- CFPB: Conventional loans
- CFPB: What is amortization? (explained with an auto loan example)
- Fannie Mae Selling Guide B2-1.3-02: Limited cash-out refinance
- CFPB: Consumer Complaint Database