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Good morning,

My mortgage requires PMI and it's a bit costly. I called Chase to find out when I will be eligible for the PMI to be removed. The woman on the phone couldn't give me an answer but told me they would send me a letter.

Saturday, I received the letter from Chase explaining they couldn't or wouldn't remove my PMI and that I had to pay it until the loan expired (2034!). It also said that I signed a form okaying that. I had a lawyer at my closing and I definitley would have protested that if it were true.
They also said the reason being is because my loan is FHA.

Has anyone dealt with this or are there any ways around it?

Thanks.
kelly
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