I had my house appraised and it appraised for 256,000.00. I owe 204,401.68. I have never been late on my mortgage payments and submitted the apprisal to mortgage company and was denied cancellation of PMI. I was told that as long as I had 20% equity.
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Shop your loan. Interest rates are very reasonable right now. With good credit, you might be able to refinance and get a better deal. -
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