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The Water Cooler
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Stupid crazy interest rates
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<blockquote data-quote="CHenry" data-source="post: 1981852" data-attributes="member: 6281"><p>PMI isnt applied unless you are borrowing more than 80% of the value. Thats the rule at my Credit union anyway, different lenders may have different rules on that. If your paying PMI I would bet your dont have more than 20% equity in your home which means it may be worth getting an appraisal to see if the house has increased in value and you could possibly be done paying that insurance.</p></blockquote><p></p>
[QUOTE="CHenry, post: 1981852, member: 6281"] PMI isnt applied unless you are borrowing more than 80% of the value. Thats the rule at my Credit union anyway, different lenders may have different rules on that. If your paying PMI I would bet your dont have more than 20% equity in your home which means it may be worth getting an appraisal to see if the house has increased in value and you could possibly be done paying that insurance. [/QUOTE]
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Stupid crazy interest rates
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