We have had a loan for 2 years now….a fixed 30 yr, at 6.125%. We have never had a late payment. Countrywide will not consider removing our PMI unless we pay for an appraisal with an appraiser of their choosing, for $325, AND the current results of the appraisal must meet their 75% LVR requirement. With the market the way it is, there is no way our house will meet the 75%, especially with an appraiser of THEIR choosing. Do we have any recourse? We have no problem making our payment, but are sick of the PMI. We feel we have more than proved ourselves.
PMI is now tax deductible, up to an income limit of 100K (above 100K the deductible phases out, and is gone by 110K joint earnings). It is only effective currently for PMI from 2007 to 2010 (in other words, if you bought in 2005, PMI is not deductible unless you refi).
PMI is now tax deductible, up to an income limit of 100K (above 100K the deductible phases out, and is gone by 110K joint earnings). It is only effective currently for PMI from 2007 to 2010 (in other words, if you bought in 2005, PMI is not deductible unless you refi).
PMI is now tax deductible, up to an income limit of 100K (above 100K the deductible phases out, and is gone by 110K joint earnings). It is only effective currently for PMI from 2007 to 2010 (in other words, if you bought in 2005, PMI is not deductible unless you refi).
PMI is now tax deductible, up to an income limit of 100K (above 100K the deductible phases out, and is gone by 110K joint earnings). It is only effective currently for PMI from 2007 to 2010 (in other words, if you bought in 2005, PMI is not deductible unless you refi).
