Myths Shattered, facts revealed. Unveiling the truth.
1 Jul 2024 · 0 min
0:21
In this brief segment, the presenter tackles a common misconception about mortgage insurance, asserting that it does not necessarily remain attached to a loan for its entire duration. The speaker clarifies that, depending on the specific loan type and the lender’s policies, mortgage insurance can be terminated once predefined conditions are satisfied—most notably when the loan‑to‑value (LTV) ratio falls below a certain threshold. This fact‑based correction aims to inform borrowers that mortgage insurance may be removable, contrary to the prevailing myth.
