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Reply to "Getting Rid of PMI"
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[quote=Anonymous][quote=Anonymous]I think 11:23 is mistaken and, depending on your original mortgage, you may be able to get your PMI lifted with just an appraisal. One word of warning though; I've tried to have it lifted on two different homes, and both times, the bank dragged its feet so long I decided it was simpler to refinance.[/quote] I'm not mistaken. If you read the OP, he wants to get rid of PMI AND ALSO to get his FIL off the mortgage. To do BOTH of those things, he needs to refi. To just get rid of PMI, it depends on the loan what the terms are to do that, but to get someone who is on the loan off the loan, he needs to refi.[/quote]
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