Just after striking 80% LTV, my mortgage lender does not want to beat PMI. Any recourse?

I just refinanced my family. During the time according to research by the appraisal compared to. amortization I came across I would become stuck that have PMI (private mortgage insurance policies) for around nine weeks.

You will find paid back most on home loan each month and you will shortly after 7 weeks I got my personal LTV (loan-to-well worth ratio) to-be 79%. Yay! Thus i entitled Pacific Connection and you can required PMI to-be removed.

Brand new lady told you I would need facsimile when you look at the a written consult. Up coming she additional one my personal created consult would be declined since the my membership was not when you look at the an excellent standing the very last 1 year. I mentioned one to I’d just met with the loan having 7 weeks together with never been later, but one didn’t apparently count so you can their.