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Thread: home equity

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10-31-2005, 02:37 PM

bct

Member

Join Date: Oct 2005

Posts: 75

home equity

If I oringally put $50,000 down on a $500,000 home (and am paying PMI), but the home value is now $600,000, can I stop paying PMI once it is appraised? Is there a specific process to follow?