How to Get Away from an Underwater Mortgage loan

"You are entitled to have the PMI canceled automatically as soon as your mortgage balance falls to 78 percent with the original price of your home - the retail price. You are permitted that it doesn't matter how much your property may have fallen in value, or what lengths underwater happen to be on check here your mortgage."

― Andy Wilson, spokesperson, Fannie Mae

Leave a Reply

Your email address will not be published. Required fields are marked *