Is PMI mortgage insurance given rear legs after the house get sold?

Answers: No, it's a payment for insurance.
No. Basically you are paying insurance to them that say you won't renig on your house payment. It's bullcrap. Try to get out of paying it ASAP. I have to get my house reevaluated to stop paying that extra money every month. It's such a scam.
No, PMI is never recouped. It is Private Mortgage Insurance and like any insurance, premium money is never returned to you.
No. Insurance is never given back. Only if you own a claim.
Nope. It's a big waste of money. I did a 80/15 loan, where on earth I put 5% down, and then had 2 loans, the 15% loan one at a higher rate, but it still saved me money plus it's charge deductible. That's how you get out of PMI
Nope.
No but if you have more than 20% equity in your home, you can stop paying it.
No - it's a waste of money. You can have your house appraised to see if your equity is > 20%; or you can structure your mortgage so that you hold a 10 or 20% 2nd loan.

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