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You don't pick the home loan insurance company and you can't negotiate the costs. In other words, when re-financing a home or buying with a conventional home loan, if the loan-to-value (LTV) is above 80% (or equivalently, the equity placement is less than 20%), the consumer will likely be needed to bring personal home mortgage insurance policy. It appears unAmerican, but that's what occurs when you obtain a mortgage that goes beyond 80 percent loan-to-value (LTV).