Old loan had LPMI and new loan has no MI at all!?Iam working on a HARP refinance of a loan with LPMI. The LTV for the new loan will be over 100%. The agent tells me the old loan had LPMI that was paid up front. As a result, the new loan will no longer have MI. Does this make sense? The new loan's LTV will be even higher than of the old loan! How can the new loan not be insured?August 12 2012 - Bayonne00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.