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You don't choose the home mortgage insurance company and also you can't negotiate the premiums. To put it simply, when buying or re-financing a home with a conventional mortgage, if the loan-to-value (LTV) is above 80% (or equivalently, the equity placement is much less than 20%), the debtor will likely be required to lug private home mortgage insurance. It appears unAmerican, yet that's what happens when you obtain a home loan that goes beyond 80 percent loan-to-value (LTV).