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Ipatiy [6.2K]
3 years ago
10

Carrie bought a house 5 years ago for $200,000. at that time, she borrowed $195,000 from her bank. the house is now worth $225,0

00. her pmi will automatically be dropped when her mortgage balance drops to
Business
1 answer:
jenyasd209 [6]3 years ago
5 0
<span>Her PMI will automatically be dropped when her mortgage balance drops to 78% of the home's ORIGINAL value of $200,000. The new value of the home is not relevant.</span>
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