PMI Cancellation Request (3rd Attempt)

    10 4092

    Hopefully today is the day that my 40 day PMI saga concludes.

    Countrywide has corrected Friday’s $1500 mistake and the balance on my mortgage is now less than 78% of the original value.

    Even Countrywide’s website says so:

    Countrywide’s PMI Deletion Page

    Combine that with the FTC‘s claim:

    For home mortgages signed on or after July 29, 1999, your PMI must be terminated automatically when you reach 22 percent equity in your home based on the original property value, if your mortgage payments are current. Your PMI also can be canceled, when you request – with certain exceptions – when you reach 20 percent equity in your home based on the original property value, if your mortgage payments are current.

    So here goes nothing… I’m going to submit another request to Countrywide to have my PMI canceled.

    Hopefully this time I won’t get the same form letter that I’ve already received twice

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