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

Posted on 2/21/18 at 10:56 pm to
Posted by LSU5508
New Orleans
Member since Nov 2007
3623 posts
Posted on 2/21/18 at 10:56 pm to
The law changed in 2015 or 2016
Posted by Rize
Spring Texas
Member since Sep 2011
15875 posts
Posted on 2/21/18 at 11:03 pm to
I thought I remembered something changing but didn’t know the dates. I got rid of mine in 2017 at the 5 year mark. I called my financial advisor because I had some stock in my company stock account that we moved from my company account to him and we hadn’t decided how we were going to invest it yet. I was paying about $250 a month on PMI and I needed $26,000 to drop PMI. He told me to write the check for the PMI because it was a guaranteed savings.
This post was edited on 2/21/18 at 11:17 pm
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