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How can i get rid of PMI? IS the article on this site correct?

by JonBrioni12 from Victorville, California. Nov 9th 2010 Reply


Lee Blackston (lblackston)
#28 ranked lender in Florida - 8 contributions

If you have an FHA loan you are stuck with PMI for 5 years. Unless you refinance in to a conventional loan and either you have atleast 20% equity already or you put money money into the mortgage to bring the LTV to 80% or less.

Nov 9th 2010
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Best answer is to call your lender.They can (but not always) have their own rules that might make it easy for you.Good luck!Fred GlickU S Loans Mortgage LLC215-852-4469fred@usloans.com

Nov 9th 2010
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