Declining value impact when I can drop PMI?I have paid down my mortgage to the point where I am now at an 80.1 % LTV. It is my understanding that at 80% I can ask that the PMI be dropped and that it has to be dropped once I reach 78%. I have not had an appraisal but I know the value of my home has dropped significantly, so what I have paid probably does not equal 19.9% at today's value.... Is that going to mean that I have to keep paying PMI for several more years (or until the value of my home increases again)?February 20 2010 - Cranston00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.