If you got your FHA loan after the year 2000, you may be able to cancel your FHA mortgage insurance. If you got your loan before 2000, you’ll continue to pay the premiums in most cases.

A proposal to tie cancellation of private mortgage insurance policies to automated valuation models would add unnecessary ...

you won't be able to cancel lender-paid mortgage insurance and lower your payment. Most people who pay for PMI don't even realize that they don't have to choose a monthly premium. There are single ...

Private mortgage insurance (PMI) is often required for conventional mortgages with less than a 20% down payment. Learn how PMI is used and how to avoid paying for it.

The downside of FHA mortgage insurance is that most borrowers are required to pay it for the life of the loan. If you make a 10% down payment, though, you may be able to cancel it after 11 years.

your lender will automatically cancel your private mortgage insurance once your principal balance reaches 78% of the original home value. This cancellation is automatic, but it may not go through ...