I've spoken to a couple of loan officers whom mentioned that I need to refinance in order to drop the PMI on my home. The value has recently gone up about 30% and I refinanced about 1 1/2 years ago. When I called my back about 6 months ago they mentioned that all I needed to do was to get an appraisal and if it came back to where I had more than 20% equity, the PMI would be dropped. I spoke with the same people now and they seem to have changed their story. I wanted to get this more from the horses mouth, this is my I'm inquiring about how to drop the PMI.
I live in Orange County, California.