<prompt> Human: Is it possible to get the bank to drop my pmi if I get the house appraised to the current market value? Housing equivalent to mine are selling for 90k more than what I paid back in 2011. Would an appraisal be enough to drop PMI without refinancing?  <response>: What type of loan do you have. Even if you have 80 in your house and request the PMI be removed if the loan is an FHA loan you could be stuck with PMI for the life of the loan. The only solution to fix this is to refinance.MY Scenario Paid 215, Appraised 296, Owe 195, FHA PMI Lifelong. Re-financed to 20year at 3.5 instead of 3.75 Basically just rolling the PMI money into the payments to drop 10years off the Mortgage. 