home loan insurance
how long do you have to pay mortgage insurance on a home loan?
If you are referring to PMI insurance, after you have over 20% profit in the property many lenders will let you drop it. Some require more and none will ask you if you want to drop it. You have to pursue it or take another mortage out to move to a new company.
Article on the front page of Yahoo.
2. Writing off private mortgage insurance
When a homebuyer does not make at least a 20 percent down payment, lenders usually require private mortgage insurance, or PMI. For some loans taken out in 2007, PMI payments are now deductible.
