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You do not choose the home loan insurer and you can't bargain the premiums. In other words, when refinancing a house or purchasing with a traditional home loan, if the loan-to-value (LTV) is above 80% (or equivalently, the equity placement is less than 20%), the customer will likely be required to bring personal home loan insurance coverage. It sounds unAmerican, however that's what occurs when you get a mortgage that surpasses 80 percent loan-to-value (LTV).