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You don't pick the home loan insurer as well as you can't negotiate the premiums. Simply put, when refinancing a home or buying with a conventional mortgage, if the loan-to-value (LTV) is higher than 80% (or equivalently, the equity position is less than 20%), the consumer will likely be required to carry exclusive home loan insurance policy. It appears unAmerican, yet that's what takes place when you get a mortgage that surpasses 80 percent loan-to-value (LTV).