What's the best way to eliminate PMI?I have an FHA interest mortgage of 3.25 percent, refinanced a year ago through fha streamline. We Bought the house 2 years 3 months ago, and have a remaining balance of about $255,000. The current value of the house is about $390,000. We have good credit, and no late mortgage payment since we bought the house. My question is, i'd like to get rid of the PMI, what's the best course of action to eliminate this and have a better rate? By the way, we bought the house at $280,000. Thank you in advance! January 30 2014 - Upland00YesReport 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.