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Recently I realized that with recent market appreciation that I own around 25% of my house based on Zillow's value. I realize Zillow isn't at all accurate but it may be a ballpark. Anyways has anyone on this thread gotten rid of their PMI on their loan? I'm assuming I'll have to contact a loan officer at my bank and they'll want to use one of their appraisers and they'll charge me the appraisal fee. Is this the normal routine? Is now a good time to get that ball rolling and rid the evil that is PMI or should I wait awhile to be sure I don't pay for an appraisal fee only to find I don't own 20%?
Please advise.
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- 9 years ago
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