How can I drop my mortgage insurance?
Mortgage insurance will automatically drop off the loan after the Loan to Value (LTV) reaches 78%. If the value of your home has gone up and you would like to re-establish LTV, please contact the Mortgage Servicing department at 1-800-444-4816 to assist.
A new appraisal will be required as well as 24 months of good payment history. The new appraisal will need to have an LTV at 75% or lower to drop the mortgage insurance.