Is it possible to refinance without PMI and LTV>80%I am looking to refinance our home which is currently on a 30-FHA mortgage. Our current LTV is about 87%. I want to refinance to take advantage of a lower rate. I also want to drop our current PMI if possible. Is this possible or am I stuck with PMI until I can get the LTV below 80%? I have excellent credit, little debt, and high income. I could wait a year and save the cash needed to pay the loan down to 80% LTV, but I would rather take advantage of the interest rates now than risk them rising even further over the next year. Any suggestions on whether this can be done is greatly appreciated.August 08 2013 - Lansing Township0YesReport 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.