Erika B. asked

⚖️  Law

What is the Illinois law requirement to have private mortgage insurance (PMI) fee removed from mortgage payment, and must they remove it if I have 20% equity in my home after an appraisal?

May 5th, 2023

Mary H. answered

In Illinois, mortgage lenders will typically remove the PMI requirement when the loan balance is 80%...

May 5th, 2023

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