Source: Forbes Advisor —Â
If you have to pay private mortgage insurance (PMI), you’re likely looking forward to the day your home equity hits 20% of the home purchase price so you can be released from PMI payments on your mortgage.
Better yet, rising home values might make it increasingly possible for you to get an earlier discharge than expected. However, don’t get carried away with online home value estimates—lenders are the ones who define PMI removal eligibility thresholds.
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