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Carrie bought a house 5 years ago for $200,000. at that time, she borrowed $195,000 from her bank. the house is now worth $225,000. her pmi will automatically be dropped when her mortgage balance drops
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Carrie bought a house 5 years ago for $200,000. at that time, she borrowed $195,000 from her bank. the house is now worth $225,000. her pmi will automatically be dropped when her mortgage balance drops to

User Jericob
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Her PMI will automatically be dropped when her mortgage balance drops to 78% of the home's ORIGINAL value of $200,000. The new value of the home is not relevant.
User DSCH
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