Quote:
Originally Posted by Leadbone1
Your appreciation doesn’t matter. It would be nice if it worked that way but it doesn’t. You have to pay down 20% of the original loan value before you can get rid of PMI. It’s been that way forever.
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Unless you have an fha mortgage pmi will go away with an appraisal. It will go away naturally at 25% from the original value. At least it has been that way for.the last 38 years I have been in the business