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re: Can PMI be cancelled by building equity through home improvements?
Posted on 2/21/18 at 2:08 pm to Olric
Posted on 2/21/18 at 2:08 pm to Olric
your idea is making more since now since i know the numbers . Your max LTV ratio is 95% for a refinance conventionally. I would look at refinancing the house. You bank will order an appraisal and you might see enough increase in value to get rid of PMI or greatly reduce the PMI payment. The rate will be higher but the PMI will be lower.
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