owned home about a year/need to refinance to remove $200 month PMI/need house to appraise for approx. $20k more than original buy price. Told when we bought the place we should be able to refinance in 6 to 12 months to remove the PMI. Have not really done much improvement to it yet-mostly due to high pmi-live in very nice neighborhood where homes typically sell for $120k-we payed $85k for ours and need it to appraise for around $105k to $110k (original appraisal at buy was $90k).