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re: Can PMI be cancelled by building equity through home improvements?
Posted on 2/21/18 at 10:55 am to RedBeardBaw
Posted on 2/21/18 at 10:55 am to RedBeardBaw
I apologize, I checked my disclosure and it was a conventional loan not FHA. Does that change things significantly?
1
Posted on 2/21/18 at 11:14 am to Olric
quote:
Does that change things significantly?
yes. conventional loans ordinarily let you get out of pmi if you can demonstrate 20% equity through appraisal. fha doesn't allow this.
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