How To Remove PMI - Home Values Up!

Are you still paying Private Mortgage Insurance (PMI)? Now might be the perfect time to get rid of it -- if you can!

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

[pagpablo]

Finally someone talks about this. I was told by US Bank I had to wait until my mortgage was 2 years old or had done upgrades to quality. I’ll call soon since its 2 years next month.

[dilorogaibova]

will it increase your property taxes if you request for appraisal and it did come with higher value ?

[IncognitosRandom]

Just got a new escrow analysis and my PMI is going from $3.2k to $8.8k. Is that even legal/possible??

[Bormanb]

What if you were to pay 20% (paying earlier) off the original loan amount?

[foodiesworldUSA]

I will call u for sure as first time buyer we have zero idea

[ChadGrimes]

Would the tax appraisal that my city is basing my tax rate come into play? When I bought my house my tax rate was based on the city saying the property is worth 312k. Now they say it's 415k which is well over 20% since it's been paid to under 300 and I'm getting hosed on both ends. City says pay more because it's worth more and the bank says keep paying because we want you to.

[beastwar]

I have more than enough equity to cancel it but they wont let is go until the mortgage is paid off.

[rdbeaz]

I just sued Wells fargo in small claims court