http://homesappraiser.com Home Values and Appraisal Tips Fri, 26 Feb 2010 11:56:39 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 http://homesappraiser.com/2009/11/03/i-am-paying-pmi-on-my-mortgage-if-my-home-value-reaches-20-in-less-than-a-year-can-i-refinance-out-of-pmi/ http://homesappraiser.com/2009/11/03/i-am-paying-pmi-on-my-mortgage-if-my-home-value-reaches-20-in-less-than-a-year-can-i-refinance-out-of-pmi/#comments Tue, 03 Nov 2009 12:58:01 +0000 Rob http://homesappraiser.com/2009/11/03/i-am-paying-pmi-on-my-mortgage-if-my-home-value-reaches-20-in-less-than-a-year-can-i-refinance-out-of-pmi/ I am a 1st time buyer / new home owner who hasn’t even made the first payment yet “Sept. 1st”. I have PMI on my mortgage that I would like to get rid of as soon as possible. Most lenders require a year or two as good payment history before you can drop PMI. I have no pre-pay penalty on my mortgage so if I refinance with another lender in less than a year when my value exceeds 20% (basically there already) will the new lender require that I have been in my home at least a year or two with good payment history?

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