Robert Jones & Associates
There have been new guidelines set forth for the removal of PMI.
An option is for the homeowner/mortgagor to acquire an appraisal of the Real Estate.Some lenders approve certain appraisers, while most require a State Certified Appraiser
To determine if you need the appraisal, contact your lending institution to find out your current mortgage balance..
Once you have your mortgage amount balance divide it by .8.
That equates to the value needed for the removal of PMI.
Another option is to refinance your mortgage, to deternine if this is fesable contact a lending institution. below are links to some of our favorites.
Robert R. Jones & Associates can answer your appraisal questions.
Call (717) 652-6600