re: Getting rid of PMI

quote:

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It's valued at about 185. I bought it for 150.

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What matters here is loan to value, not price to value. So assuming a 30 year amortization your principle balance should be just south of 150, which would put your LTV below 80% (most likely...as long as the house will actually appraise for 185).

Check the loan docs you got at closing to see how PMI is dropped. It could be automatic or it could be something you have to request from your lender/servicer.