Gut check on paying down mortgage to remove PMI
Gut check on paying down mortgage to remove PMI We pay $80 a month towards PMI. We’re also approaching 80% LTV. We wanted to pursue a BPO to get it removed early, but our lender indicated that without “significant improvements” we’d actually need 75%. The alternative is to pay down the principal to get to 80%, which is about $4,000. Our interest rate is only about 3% so it feels crazy to pay …