Quote:
Originally Posted by jimkerr
Call your loan servicer. Tell them you want to drop PMI. They’ll tell you you’ll have to pay for an appraisal. If that appraisal shoots your value up to where you have 20% equity, they’ll take care of you and slow you to drop the PMI.
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Appreciation doesn't matter. Depending on when you bought, if you have appreciation it may be more prudent to refinance rather than paying down the existing mortgage.