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Updated over 6 years ago on . Most recent reply

Anthony Zotto's profile image
Anthony Zotto's profile image
Anthony Zotto
  • from Troy, NY
  • Member since May 21, 2019

User Stats

74
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25
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Anthony Zotto's profile image
Anthony Zotto's profile image
Anthony Zotto
  • from Troy, NY
  • Member since May 21, 2019
Anthony Zotto
  • Troy, NY
25
Votes |
74
Posts
Multi-Family and Apartment Investing

Can new appraisal remove PMI?

Anthony Zotto
  • Troy, NY
Posted

Hello,

I bought a duplex for $165k, put about 15k into it and I am confident that if I was to get it appraised it would come in somewhere between 205k-215k. The loan amount has been paid down to 159k, and I was wondering if I got the property appraised would I then be able to call and have PMI removed due to the 20% equity? Thanks for you time and I am looking forward to hearing some responses,

Anthony Zotto

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