Lenders’ LTV criteria having PMI cancellation may vary in accordance with the age of the loan and you may latest otherwise brand spanking new occupancy of the family. Whenever you are PMI laws and regulations pertain only to solitary nearest and dearest top homes at closure, financial buyers Fannie mae and you will Freddie Mac allow it to be financial organization to incorporate such rules for secondary residences. Funding qualities generally speaking need straight down LTVs…
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