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For a home purchased in early 2016, the purchase price was $210,000, the original appraisal was $220,000, and loan was $200,000. The borrower has made

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For a home purchased in early 2016, the purchase price was $210,000, the original appraisal was $220,000, and loan was $200,000. The borrower has made regular payments, and no extra payments, and now the loan balance is down to $176,000. 1) By law, does the lender have to stop collecting PMI premiums now? Explain

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