This question already has an answer here:

I am in the process of getting rid of private mortgage insurance (PMI). I was planning on paying off my loan down to 80% loan to value and then get rid of the PMI.

However, I was told by my lender that the 80% threshold only applies when I pay the mortgage "organically", month by month, until I reach 80%. If I pay a bulk amount to reduce my LTV, that threshold is 75% and that is by contract (that I signed). Is that correct according to the law?

marked as duplicate by D Stanley united-states Dec 19 '18 at 16:56

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

Browse other questions tagged .