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You don't pick the home mortgage insurer and also you can not bargain the premiums. To put it simply, when re-financing a residence or buying with a standard home loan, if the loan-to-value (LTV) is greater than 80% (or equivalently, the equity setting is much less than 20%), the consumer will likely be called for to bring private mortgage insurance policy. It sounds unAmerican, however that's what takes place when you obtain a home loan that exceeds 80 percent loan-to-value (LTV).