can i remove pmi without refinancing
Your loan doesnât qualify. On the other hand, if you can prove that you have at least that much equity in your home, your lender should be able to drop your PMI payments, without you having to refinance your mortgage. Give your lender a call and ask what the procedure is to drop PMI.osted on February 28, 2001 by Ilyce R. Glink. Q: I closed on my house in July, 1993. I want to know if Iâm at the point at which the lender can automatically drop my private mortgage insurance (PMI). Iâve been told that if Iâm at a loan-to-value ratio of 78 percent, or less, PMI can be dropped without refinancing.