Wednesday, July 13, 2011

Can i get rid of my pmi mortgage insurance by refinancing?

i just purchased a home with 3.5% down and have a fha mortgage. i have only had the mortgage for one month and my property appraised for double of what my mortgage is. can i refinance in order to get rid of my pmi, since my value is greater than 20%? if not any suggestions how i can get rid of my pmi?

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