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PMI cancelation – is it based on the original value of the loan or the appraised value of the home?
PMI cancelation - is it based on the original value of the loan or the appraised value of the home? PMI cancelation - is it based on the original value of the loan or the appraised value of the home? Our home's predicted assessed value has reached over 20% of what we owe on the loan. Does this mean we can call the bank to get PMI removed with an appraisal? Or is it based on the original value of the loan? We paid $420k for the house. We curr...
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