Assertion: mortgage | /r/HasProperty | sold
Facets:
Source sentences:
text: If the borrower accumulates 25% equity due to appreciation in years two through five, or 20% equity after year five, the investor who purchased the loan (most mortgages are sold to investors) may allow PMI cancelation after the home’s increased value is proved with an appraisal, a broker’s price opinion (BPO) or an automated valuation model (AVM, which takes into account the value of recently sold similar properties).