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No Wonder They Will Not Cancel My PMI Insurance

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Old 02-22-2011, 08:44 AM   #8
redsk1
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Re: No Wonder They Will Not Cancel My PMI Insurance
Yes, it's 20% of the original sales price not current value. If you've done improvements that add sq. ft. you can argue to get a new appraisal. It's a pain to deal w/. Once you get to 20% of your original sales price they have to get rid of it.

You could refinance, but not sure it would be worth it for you in regards to rate, etc. I would guess you are pretty close to being at 80% loan to value?
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