How do I cancel my mortgage insurance loan (PMI/MIP)?

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How do I cancel my mortgage insurance loan (PMI/MIP)?

Mortgage insurance loan allows some people loan to purchase or refinance a home with less than 20% down payment or equity.

While it provides a service and helps more loan homeowners into homes, mortgage insurance is an added cost that should be canceled as soon as possible. First I'll discuss the two main categories of mortgage insurance and then how to cancel each.

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