re: Can PMI be cancelled by building equity through home improvements?

quote:

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If you put less than 10% down on an FHA loan, you have to pay PMI for the life of the loan. Only way to get rid of it is to refinance through a conventional loan.

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Not true for everyone. I purchased my house in February of 2012 with less than 10% down and dropped my PMI after 5 years. I had to cut them a check to get below the 20%
of the original purchase price.

Now it may have changed in the last 6 years but it can be done.