In article ,
Eric Pawtowski wrote:

One of them is that you must have at least two year's worth of
on-time mortgage payments. If you've only lived in the house for a
year, you don't have two years's worth of payments. Doesn't matter
how much the house has appreciated or what you've paid off, they
want to see those two years.

Another condition is that your credit rating must be high
enough. How high is 'enough' will vary from bank to bank.

I am sure that the bank would like to see all kinds of
things. But in the real world, what matters is state and
federal law. In most places, once you get down to 80%,
the bank is obligated to remove PMI. The bank can demand
their own appraiser, and I think you have to wait at least
1 year. Best to check the law in your area, and then
quote chapter and verse to your lender. BTW, also check
your contact with the lender...you may have signed away
your right to do this.

-john-

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John A. Weeks III 952-432-2708
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