By no means any mortgage lenders can take advantage of the borrowers (mortgage loan applicants), not disclosing certain information to them in regards to their rights and opportunities. Usually, home mortgage lenders are required to notify their mortgage loan applicants of their options available at the time of closing their mortgage loan. No matter if we review a case of a California mortgage loan or Texas home mortgage case, it’s all the same at this point.

When you have your mortgage loan process closed the following information should be disclosed to you as a mortgage loan borrower:

1. you are given the right to cancel your private mortgage insurance at a certain point or repaying your mortgage loan, you will be given particular figures on that

2. if you have a fixed rate mortgage loan (not an adjustable mortgage, don’t get confused), then you should request an amortization schedule for the life of your loan

3. your mortgage lender or your mortgage company should provide you with the contact details of the lawyer to get in touch with regarding cancelling your private mortgage insurance

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