when do you stop paying pmi

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  1. – What I liked was that the lender could not force you to keep the PMI once the loan-to-value has gone below 80%, however, the lender will not advise you when you are eligible to discontinue the coverage and stop making the mortgage insurance premium (MIP) payment.

    What Is Mortgage Insurance? – If PMI protects the lender, why do you, the borrower, have to pay for it. Without putting down 10% or more on an FHA mortgage, the only way to stop paying fha MIPs is to refinance into a.

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