Is paying to speed PMI removal worth it I purchased a home in 2021 @2.99%. I put less than 20% down so I pay PMI each month. My area has appreciated greatly in the last two years and according to Zillow, Credit Karma, others, my estimated property value was way over what the DLTV ratio is needed to get PMI removed. So I paid for a new appraisal, which somehow estimated a DLTV ratio o…

How to Get Rid of PMI As Soon As Possible Everyone knows that buying a home is expensive as heck—but the list of extra costs associated with buying a home can be shocking. Aside from closing costs, there are home inspections to pay for, lawyer fees—and possibly private mortgage insurance (PMI). Read more…

Got rid of PMI with appraisal My wife and I bought our house 7 years ago for $245k with a conventional 97 loan (similar to an FHA). Because it’s a low down payment plan, we had pmi, and a pretty sizeable monthly payment at that. Our PMI was $227 a month, making our monthly mortgage just over $2k a month with property taxes and insurance and all. With the conventional 97 and …

Wells Fargo Mortgage PMI Hello, I recently contacted Wells about my mortgage that I have with them from 2014, asking about removing the PMI since my home value has almost doubled since purchasing. They sent me a letter stating that any loan taken out after January 2014 was no longer eligible for PMI removable. Is this true? Everything I’ve read states otherwise but Im n…