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When can you cancel PMI?

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eddymvp
Frequent Contributor

Re: When can you cancel PMI?

Thanks, I will wait for my credit score to reach 740 as it is 709 right now.

Message 11 of 12
203bravo
Established Contributor

Re: When can you cancel PMI?

The math is wrong --- you did refi 85% of the appraised value which gives you only 15% equity... at 275,000$ 20% equity would be at 220,000$ ==== you need to pay 13,575$ in principal to get a 20% equity in this property.

Message 12 of 12
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