Does a refi loan need private mortgage insurance?

Borrower with less than 20% equity must carry this on FHA-insured mortgages
Published on Jan 19, 2004

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by CareyBot

DEAR BOB: I refinanced my condo last week. At the closing, I was informed by the lender that FHA requires PMI (private mortgage insurance) although I have 29 percent equity. Is there anything I can do to save the PMI ...