No Wonder They Will Not Cancel My PMI Insurance

[FRPLG]

Originally Posted by firstdown

Well they seem to be on the run-around option. Never been late on a payment and I have about 50% equity in the home. What they keep telling me is that I have to be 20% below the original loan amount. I'm not even sure why they added PMI from the start because I was 20% below the original appraisal when I purchased the home.

That's not even legal. They cannot charge PMI if you have 20% equity per the '98 HPA. You must not be understanding something. How are you defining equity?