Dear Emily,
Looks like if you went ahead with the cash out then you would have been better off leaving the money in. It would have gone up about 30% by now which would have been $15,000. I too am about to gamble to get rid of my PMI, I am refi’ing into a shorter term, slightly more expensive loan to get rid of it. I may have been able to get rid of it in 1 year as long as home prices continue their upward climb. I’ll report back in 1 year to see if my choice was a good one.
