According to federal law,private mortgage insurance on most loans currently made ends automatically once the mortgage is paid down to 80% of the original value of the house.

Name: According to federal law,private mortgage insurance on most loans currently made ends automatically once the mortgage is paid down to 80% of the original value of the house.
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Under federal law, private mortgage insurance (PMI) automatically ends when the mortgage balance reaches 78% of the original value of the home, not 80%.

According to Federal Law,private Mortgage Insurance on Most Loans Currently