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[quote=Anonymous]Husband and I re-fied our house last year and knocked our interest rate down to 3.85% which is awesome. It's a jumbo loan, so to re-fi, we had to agree to PMI since we weren't at 78% LTV. With our payments over the last year and a sharp jump in market appraisal values (We're in the Rosemont/Beverly Hills area of Alexandria City), with a decent fair appraisa, we should be looking at somewhere in the realm of 70-74% LTV. We'd LOVE to knock off the nearly $500 PMI payment each month but when I looked online it said that it had to be 78% LTV AND 60 months payment. Thoughts?[/quote]
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