Legal Question in Real Estate Law in New York

Re: Mortgage Insurance

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Once your equity in the house reaches 20% or more, you can apply to the lender to remove the insurance.

Re: Mortgage Insurance

It depends on what your agreement says. Some are 80% , some are 78%, some are but you still cannot if you have been late with payments in a certain period of time. Oh, and it will not be automatic, you probably need to ask to have it removed.

Good Luck.

RRG