Usually, after your loan to value ratio rises, lenders take off the PMI insurance. My condo has had PMI insurance on it for 13 years. I only owe 64K on my condo, and it's worth 215K. So I wrote my lender, NCM, asking them to take off the PMI insurance. They refused. This is wrong. I will never do business with National City Mortgage Co. Again. My neighbor said they refused his request as well. How many people are they ripping off?
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