Author Topic: Killed our PMI  (Read 1814 times)

Assetup

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Killed our PMI
« on: June 24, 2019, 06:44:50 AM »
We aggressively attacked our principal so we would qualify to remove our PMI.  We just heard from our lender that it is officially dead !(RIP PMI)  Sorry for the internet brag but no one in my life really understands or appreciates this huge accomplishment.  Thanks for being an awesome resource MMM contributors.

SwordGuy

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Re: Killed our PMI
« Reply #1 on: June 24, 2019, 09:53:59 AM »
Congrats!!!

Now start investing that old PMI payment!

RWD

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Re: Killed our PMI
« Reply #2 on: June 24, 2019, 10:14:57 AM »
Congrats! Now you can focus on investing!

Assetup

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Re: Killed our PMI
« Reply #3 on: June 24, 2019, 03:35:17 PM »
Thanks guys!  I'll starting dumping the PMI payments and the amount going to principle into investments asap!  I love having a historically low mortgage rate

Gone Fishing

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Re: Killed our PMI
« Reply #4 on: June 25, 2019, 06:13:58 PM »
Awesome!  So many people just don't get it!

WranglerBowman

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Re: Killed our PMI
« Reply #5 on: June 27, 2019, 10:34:03 AM »
Awesome and I totally get how good it feels to not be throwing away money each month.  It drove me nuts for so many years that we had PMI on our insurance, and it was required to be on for at least 5 years.  As soon as we could get it removed we paid down to do so, such BS.  Hopefully your investing dead PMI.

Assetup

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Re: Killed our PMI
« Reply #6 on: June 27, 2019, 10:43:25 AM »
Luckily we didn't have to wait until five years but they wouldn't remove our PMI based on current home value so we still had to pay it down. All of that PMI payment amount is now earmarked for VTSAX :) every little bit counts

A Fella from Stella

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Re: Killed our PMI
« Reply #7 on: June 27, 2019, 08:46:12 PM »
You're a superstar, congrats.

Money Badger

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Re: Killed our PMI
« Reply #8 on: July 03, 2019, 08:22:57 PM »
Awesome!   The first BIG step to freedom!   When others pay you to borrow money, NOT the debtors prison way!

Assetup

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Re: Killed our PMI
« Reply #9 on: July 04, 2019, 08:47:02 AM »
Thanks everyone!  It's great to share our accomplishments without people saying that we're "lucky" or other nonsense

A Fella from Stella

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Re: Killed our PMI
« Reply #10 on: July 07, 2019, 06:52:41 PM »
Thanks everyone!  It's great to share our accomplishments without people saying that we're "lucky" or other nonsense

Sure, there's some luck, like that you didn't die in a murder-suicide when you were 3; or that you weren't born in Detroit and had poisonous water flowing into your home; or that you didn't have a porn addiction that meant you couldn't explore cool stuff online like MMM because of the pain you kept causing yourself.

The same luck most dickweeds have who could have also paid off their PMI.

Again, you're awesome, and I hope you have more successes to post.

Assetup

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Re: Killed our PMI
« Reply #11 on: July 08, 2019, 06:45:29 AM »
Thanks everyone!  It's great to share our accomplishments without people saying that we're "lucky" or other nonsense

Sure, there's some luck, like that you didn't die in a murder-suicide when you were 3; or that you weren't born in Detroit and had poisonous water flowing into your home; or that you didn't have a porn addiction that meant you couldn't explore cool stuff online like MMM because of the pain you kept causing yourself.

The same luck most dickweeds have who could have also paid off their PMI.

Again, you're awesome, and I hope you have more successes to post.
I for one like your aggressive borderline sarcastic tone on your posts.  It adds a bit of interesting character to the forum (yes I'm being serious)

AnxietyFly

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Re: Killed our PMI
« Reply #12 on: July 08, 2019, 10:33:40 AM »
PMI removal is a huge accomplishment and milestone on your financial journey. I commend you for this.  Keep up the great work!

A Fella from Stella

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Re: Killed our PMI
« Reply #13 on: July 08, 2019, 09:35:02 PM »
Thanks everyone!  It's great to share our accomplishments without people saying that we're "lucky" or other nonsense

Sure, there's some luck, like that you didn't die in a murder-suicide when you were 3; or that you weren't born in Detroit and had poisonous water flowing into your home; or that you didn't have a porn addiction that meant you couldn't explore cool stuff online like MMM because of the pain you kept causing yourself.

The same luck most dickweeds have who could have also paid off their PMI.

Again, you're awesome, and I hope you have more successes to post.
I for one like your aggressive borderline sarcastic tone on your posts.  It adds a bit of interesting character to the forum (yes I'm being serious)

Thanks. I worry I'm being too much of a dumbass. Knowing that I'm adding to the personalities on here makes me feel good.