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How are BPMI and LPMI loans with single premiums treated?

April 26, 2017bpmi Loans lpmi premiums treated

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How are BPMI and LPMI loans with single premiums treated?

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Initially, MGIC will waive the premium on increased loan balances where a single premium was paid. When our systems are updated, we intend to charge for the increase in the loan amount on future Refi-to-Mod loans. We will notify you and provide further details before any change takes place.