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[deleted] t1_iye8zs0 wrote

Reply to comment by MarcableFluke in Lender is asking 75% LTV to remove PMI? by Oskeros

You said it’s based on the original value, which is not true. Most banks will reappraise for a small fee. That reappraisal value is used to remove PMI.

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MarcableFluke t1_iye99n0 wrote

I said based on the original value is what is required by law. Look at the part of the OP that I originally quoted.

Based on the current value is dependent on the lender, which typically means the big loan investors requirements.

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