<prompt> Human: Im in a 30-year fixed mortgage on the home I intend to stay in, got the loan in 2007 6.375. Im trying to refinance to a 4.7 fixed 30-year loan and pay extra principal to shorten the term. The appraisal just came in at 147,000, we owe 120,500, so at 82 LTV we would have to pay PMI if we went forward now currently we do not pay PMI. Home values are going up slightly in the area, but we havent spent a lot of money upgrading the kitchenbaths like the comps we were up against, and it hurt our appraisal.Heres what Id like to know: Should we keep trying to refinance? Were toying with the idea of a paying extra principal each month to get our LTV at 80 and trying again, or b upgrading the kitchenbaths this seems riskier and possibly less of a return for us. Finally, of course theres c just pay the PMI and get a new appraisal when we think were back in at 20 equity. Our debt load looks like this:Debt120,500 6.375 fixed 23 yrs left mortgage10,500 3.86 student loan 17,000 6.8 student loan 24,700 0 credit card until Feb 2016Thanks for any tipscomments!  <response>: I would do a cash-in refinance to avoid the PMI. Youre very close to 80. The difference is 3K. Can y ou bring that in? It makes more sense to me to put that money on the table during refi than to spend it on upgrades, which never return 100 -- youd be lucky if they return 75. 