Question about getting PMI knocked off of mortgage loan?
Monday, February 2nd, 2009
punkinbutt’smama asked:
I am aware that if our home appraises for more than 20% more than what we owe, that the PMI can be removed. But, my concern is that we also have a second mortgage. Do they figure the second mortgae into this also? I was hoping they’d only be looking at the first mortgage and that I could pay the money to have it appraised again and have the PMI taken off.
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I am aware that if our home appraises for more than 20% more than what we owe, that the PMI can be removed. But, my concern is that we also have a second mortgage. Do they figure the second mortgae into this also? I was hoping they’d only be looking at the first mortgage and that I could pay the money to have it appraised again and have the PMI taken off.
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