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re: Home Loan - Refi vs PMI Question
Posted on 3/10/15 at 3:03 pm to SeaPickle
Posted on 3/10/15 at 3:03 pm to SeaPickle
You should not have to refinance to eliminate PMI, if you have 20% equity in the home. As I understand, it's really up to the lender. If you believe that you have 20% equity or more, but the lender will not remove PMI, then your next best bet is to shop around for refinancing and see if anyone else will not require PMI.
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