Our Approach
Homeowners whose down payment is less than 20% are generally required to have mortgage insurance. Mortgage insurance is required to protect the lender against possible losses when the mortgage value is more than 80% of the home value. Homeowners can cancel their mortgage insurance when their equity in the home reaches 20%, generally calculated by adding the down payment and mortgage amortization. However, the 20% threshold to cancel mortgage insurance can be achieved in different ways and Economic Architecture is helping homeowners to cancel their mortgage insurance early by using the different methods available.
