How do I know if I qualify to cancel PMI?
How do I know if I qualify to cancel PMI? To calculate the LTV ratio, divide loans in Oakwood $258,000 by $300,000 to get 86. Expressed as a percentage, this is 86%. The LTV ratio is 86%. PMI is generally required for borrowers who take out a conventional mortgage with a loan-to-value ratio of 81% or [...]